Karo Pharma Adds VMS With Deal For Belgium's Sylphar

Sweden's Karo Pharma is acquiring Sylphar Group and its dietary supplement and beauty brands sold around Europe, primarily online.

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Karo Pharma is poised to expand its skin-care offering and establish a presence in Europe’s dietary supplements market with the acquisition of Belgium’s Sylphar Group from founder Robin List and Vendis Capital for €290m ($325m).

Described by Karo as a “fast-growing and digital-first” consumer health company, Sylphar develops and sells OTC products in 50 countries around the world, with its major

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