By  on December 5, 2018

MILAN — Italian cosmetic company Deborah Group has been acquired by Sodalis Group. The deal, the financial details of which have not been disclosed, was signed on Wednesday and will be finalized by the end of the year.

“The choice [of selling] to Sodalis will enable us to keep this historic and well-known brand Italian, as it has risk to be taken over by foreign buyers,” said Deborah Group’s president Giovanni Pietro Bonetti. “Moreover, Sodalis has experience in integrating and developing brands and will be able to give Deborah a new impulse, respecting its identity.”

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