Storskogen acquires Scandinavian Cosmetics Group
Storskogen has entered into an agreement to acquire 96 percent of the shares in Scandinavian Cosmetics Group (“SCG”) from Accent Equity 2017 AB and minority owners. SCG is one of the leading companies in sales, marketing and distribution of beauty products in Sweden, Norway, Denmark and Finland. The Company reported a turnover of SEK 1,145m and EBITA of SEK 100m for the financial year 2021. SCG will be a part of Storskogen’s vertical Distributors, that includes companies active in distribution of hair and beauty products in Norway, Sweden and Switzerland.SCG dates back to 1927 and today it