The Italian contract manufacturer is looking to strengthen its standing in the American skin and hair care industries, aiming to address a void in its production setup.
“We are actively trying to acquire a business in the US,” stated Renato Semerari, CEO of Intercos, during a discussion with Bloomberg.
The leader mentioned that Intercos has already pinpointed potential acquisitions but is still receptive to other possibilities that generate between US$100 million and US$200 million in income.
Even though Intercos already runs two U.S. locations specializing in cosmetics — its core area of expertise — Mr. Semerari considers broadening beyond this base vital to entice key customers or emerging entities with a considerable foothold in the skincare and haircare spheres.
Up to now, no transaction process has commenced, and the leader regards it as improbable that any understanding will be achieved prior to the end of the year.
Asia and makeup lead expansion
Intercos, which ended fiscal year 2024 with sales of EUR 1.06 billion — an increase of 7.8% from 2023 — has adjusted its 2025 forecast, currently predicting more measured advancement than the earlier anticipated 5-7% range. Turnover for the initial six months of the year reached EUR 524.9 million, a 5% rise compared to the prior year.
The growth in the first half was powered by a strong 17.6% surge in cosmetics sales, whereas the skin, body, and hair care divisions displayed decreases.
Asia reinforced its status as the company’s prime growth engine (+15.6%), with the Americas also exhibiting substantial drive (+8.8%). Conversely, EMEA remained stable compared to the previous year, as weakness in hair and body care counteracted vigorous cosmetics growth.
