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 |