PARIS — Swiss fragrance and flavors supplier Symrise AG has raised its stake in Kobo Products Inc., a U.S.-based pigment and powder specialist for the wonder industry, to 49 percent.

Financial terms of the deal weren’t disclosed, but in a press release Symrise said the funds raised are expected to expand capability and enhance Kobo’s supply chain.

“The transaction creates further opportunities for each corporations within the fields of mineral UV filters and ornamental cosmetics,” Symrise said. “Kobo customers may also profit from expanded capacities and global supply chains. With this step, each partners have expressed their strong commitment to this partnership and the added value it should create for patrons and consumers.”

The fragrance and flavors suppliers keep expanding their reach through acquisitions within the realms of well-being, cosmetics and naturality.

Symrise initially took a 25 percent stake in Kobo in 2021, in a bid to step up its growth in cosmetics ingredients. On the time, Symrise said it had agreed with Kobo on the long run disposition of shares within the group’s capital and governance. Symrise also became a distribution partner with Kobo for inorganic UV filters. As a part of the brand new deal, there was one other agreement signed concerning Kobo’s shares and governance.

“With its revolutionary product range, Kobo perfectly complements our own portfolio,” said Jörn Andreas, the chief board member chargeable for scent and care at Symrise. “The company cultures of Kobo and Symrise also harmonize on all levels. For all these reasons, we feel very blissful about this second investment and the expression of our confidence in Kobo that it makes.”