Innova Capital-backed Bielenda Natural Cosmetics to buy Torf Corporation

Torf Corporation is a Polish cosmetics manufacturer.

  • Resource Partners is the seller
  • Innova invested in Bielenda in 2021
  • Innova Capital is an independent private equity adviser

Bielenda Natural Cosmetics, backed by Innova Capital, will acquire a 100 percent stake in Torf Corporation, a Polish cosmetics manufacturer, from Resource Partners.

Kąty Wrocławskie-based Torf is the owner of the Tołpa and ON brands.

Torf’s addition will enhance Bielenda’s position among cosmetic manufacturers in Poland, according to a release. The transaction will also enable the company to enter the oral hygiene segment, the release added.

Innova invested in Bielenda in 2021.

“The acquisition of Torf Corporation will complement our product offering and increase the diversity of our product range and pricing spectrum,” said Marek Bielenda, CEO, Bielenda Natural Cosmetics. “I believe that the acquisition of the Tołpa and ON brands, along with their potential for further development as part of the Bielenda Group, will contribute to the growth of the company’s value and competitiveness, both in domestically and internationally.”

Resource Partners acquired a majority stake in Torf in 2017.

This deal is the latest addition to the list of cosmetic deals we reported this year.

Innova Capital is an independent private equity adviser based in Warsaw, Poland.

Resource Partners is an independent private equity investor operating in Poland and Central and Eastern Europe.

Bielenda Natural Cosmetics is a Polish cosmetic company based in Krakow.

No financial details of the transaction were disclosed.