THE WHAT? Givaudan has acquired a 48 percent stake in the Nanovetores Group in a bid to strengthen its capabilities for active cosmetic ingredients.
THE DETAILS Nanovetores Group is a Brazilian family-owned company known for its technology of encapsulation for a range of ingredients that are sold to beauty brands globally.
Givaudan purchased the stake from The Criatec Fund, a Brazilian investment fund focused on innovative, early stage companies.
THE WHY? The move comes as part of Givaudan’s 2025 strategy to expand the capabilities of its Active Beauty business.
Maurizio Volpi, President of Givaudan Fragrance & Beauty said, “It is exciting for Givaudan to invest in Nanovetores as it perfectly fits with our 2025 strategy to expand our Active Beauty business, one of the fastest growing at Givaudan.
“Nanovetores will bring complementary expertise in vectorisation and encapsulation of active cosmetic ingredients, as well as valuable know-how in developing them in the most sustainable way. This will strongly contribute to our Company’s purpose of creating for happier, healthier lives, with love for nature.”