History of Cosmetics Business of Sumitomo Corporation Group and Summit Cosmetics Corporation

1990 Sumitomo Corporation began exporting made-in-Japan cosmetic ingredients to Europe, the United States, and China
2007 Sumitomo Corporation of Americas acquired a 20% stake in Presperse, a North American cosmetic ingredients distributor
2010 Increased equity stake in Presperse to 100%
2012 Sumitomo Corporation acquired a 25% stake in Biogenics, a South Korean manufacturer of cosmetic ingredients
2013 Sumitomo Corporation Group acquired a total stake of 81% in Cosmotec, a Brazilian distributor of ingredients
2014 Sumitomo Corporation transferred its cosmetics export business to Summit Pharmaceuticals International Corporation
2015 Acquired the European ingredients distributor business of KYOWA HAKKO Europe GMBH
2016 Diversified CPC International Inc., a North American propellant gas manufacturer, transferred to the Cosmetic Business Group in Sumitomo Corporation
2017 Sumitomo Corporation Group increased equity stake in Cosmotec to 95%
2018 Sumitomo Corporation acquired a 90.37% stake in SACI-CFPA, a French ingredient distributor
2019 Summit Pharmaceuticals International Corporation carved out its cosmetics business, and established Summit Cosmetics Corporation
2021 Increased equity stake in SACI-CFPA to 100%
2022 Increased equity stake in Cosmotec to 100%
2023 Opened Innovation Center