In a strategic move aimed at advancing their Group Vision, "NIKKOL 25 for 2030, Giving back to the world from the chemistry of beauty," Nikko Chemicals Co., Ltd. and Cosmos Technical Center Co., Ltd. have officially merged, solidifying their positions as key players in the speciality chemicals sector. The merger, effective on April 1, 2022, was formalised with the signing of a contract at the Board of Directors' meeting held on April 2, 2022.
The decision to unite these two companies, specialising in the sale and research and development of specialty chemicals, respectively, reflects a commitment to growth and enhanced customer service. The merger brings together sales and research functions under unified management, promoting a streamlined and efficient system to provide improved services and value to their clientele.
Notably, the merger establishes distinct Business Units focused on Personal Care, Pharmaceuticals, and Cosmetics. This strategic alignment is designed to facilitate more efficient product offerings tailored to these specific sectors. The creation of a dedicated New Business Development Division underscores their commitment to pioneering advancements based on core colloid chemical and skin science technology.
The merger, which received unanimous approval at the General Meeting of Shareholders in March 2022, signifies a significant milestone in the journey of Nikko Chemicals Co., Ltd. and Cosmos Technical Center Co., Ltd. toward achieving their collective vision for the future.
As of now, there are no plans to alter the corporate name, ensuring a seamless transition for customers and stakeholders. This union marks a pivotal moment in the companies' pursuit of innovation and growth, positioning them to lead the way in the ever-evolving landscape of cosmetic and speciality chemical industries.
