December 18, 2014 | According to reports, the international cosmetic and beauty company L’Oréal acquired Benny Landa’s company ColoRight. ColoRight is a startup that develops hair fiber optical reader technology, which L’Oréal will use for a long-term research program. “Through this acquisition, L’Oréal reinforces its historic leadership in hair research,” noted the group. Following the acquisition, ColoRight will maintain its offices in Tel Aviv and will continue to be managed CEO Sagiv Lustig, but the company will now become a part of L’Oréal’s international Research and Innovation network. ColoRight was founded in 2002 and employs 50 in Israel.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Israeli Startup Rings Closing Bell At Nasdaq in NYC
March 28, 2024
Israeli, US Companies Unite To Make More Milk From Mushrooms
March 27, 2024
Facebook comments