Givaudan has reached an agreement to acquire the cosmetics business of Indena. Headquartered in Milan Italy, Indena is a global company dedicated to the identification, development and production of active ingredients derived from plants, for use in the pharmaceutical, health food and personal care industries.
With almost a century of botanical experience, Indena has developed expertise in this field, while ensuring biodiversity and protecting the ecosystem from uncontrolled harvesting. Both companies will also sign a long-term partnership agreement under which Indena will continue to manufacture ingredients for Givaudan, as well as providing innovation capabilities and other supporting services.
Maurizio Volpi, President of Givaudan’s Fragrance Division says: “The acquisition of the cosmetics business of Indena fits very well with our long-term strategy for Active Beauty … It offers Active Beauty an expanded portfolio of plant-based ingredients that complements our current portfolio.” Laurent Bourdeau, Head of Givaudan’s Active Beauty Business says: “Indena’s cosmetics business will add high quality new active ingredients to our current portfolio of products. Their four strategic pillars – botanical expertise, research, scale up, quality safety and efficacy – fit with Givaudan Active Beauty’s future ambitions as well as with our sustainability approach ‘A Sense of Tomorrow’.
Daniele Giavini, Managing Director of Indena, adds: “We are in favour of this transaction as it enables us to focus on our core markets of pharmaceuticals and health food, whilst continuing to support the cosmetic ingredients business which has been a valuable part of our portfolio.”
The terms of the deal have not been disclosed and Givaudan plans to fund the transaction from existing resources. Indena’s cosmetic ingredients business would have represented approximately EUR 8 million of incremental sales to Givaudan’s results in 2018 on a proforma basis. The transaction is expected to close in Q1 2020.
About Givaudan Active Beauty
Givaudan Active Beauty offers active cosmetic ingredients including anti-ageing, self-tanning, soothing, hydrating, cooling, and more. Their technologies draw on science and nature to create molecules and functional agents, including customised carrier systems. Part of the Fragrance Division, Active Beauty crafts products supported by our strong expertise in advanced and applied sciences.
at www.givaudan.com/activebeauty.
About Indena
Indena is dedicated to the identification, development and production of active ingredients derived from plants, for use in the pharmaceutical, health food and personal care industries. Backed up by almost a century of botanical experience, the company holds more than 100 primary patents, has published more than 1000 scientific studies and cooperates with the universities and private research institutions. Headquartered in Milan, Italy, Indena has four manufacturing locations, sales activities in more than 80 countries and employs around 800 people.
www.indena.com
For more information about Givaudan Active Beauty, please click here.
For more information about Indena, please click here.