Givaudan is set to boost its Active Beauty arm with the acquisition of AMSilk’s cosmetics business. While terms of the deal have not been disclosed, Givaudan plans to fund the acquisition through existing resources.
The sale was part of Givaudan’s 2020 strategy to expand its Active Beauty business, with AMSilk being a leading supplier of vegan silk biopolymers. The biopolymers have a range of applications across hair and skin care such as anti-pollution and color protection.
Maurizio Volpi, President of Givaudan’s Fragrance Division said: “The acquisition of the cosmetics business of AMSilk fits very well our long-term strategy for Active Beauty. It offers an expanded portfolio of natural and biosourced products supported by a strong research and development biotechnology platform to drive future development and innovation in the active cosmetic ingredients space. Their expertise in biotechnology is fully aligned with ours; it will reinforce Givaudan’s capabilities in cosmetic ingredients to support our customers in developing sustainable, performant and safe products.”
Laurent Bourdeau, Head of Givaudan’s Active Beauty Business said, “The AMSilk technology is unique and will allow us to enlarge our portfolio of products by developing bespoke polypeptides. The products are biosourced and the processes are fully sustainable, which contributes nicely to our ‘A Sense of Tomorrow’ sustainability approach. It is fully in line with our ambition to fulfil the growing consumer demand for ‘Clean Beauty’ products.”