As part of its 2020 strategy to expand the capabilities of its Active Beauty business, Givaudan has reached an agreement to acquire the cosmetics business of AMSilk GmbH.
AMSilk is the world’s first industrial supplier of vegan silk biopolymers and has its headquarters near Munich, Germany. They offer a range of biosourced polypeptides with functional properties in the field of cosmetics. These vegan biopolymers offer a broad range of applications across categories such as hair care and skin care with benefits such as silk touch, anti-pollution, or colour protection of the hair. Over the years, they have filed 10 patents for the use of biopolymers in cosmetic applications.
Maurizio Volpi, President of Givaudan’s Fragrance Division said: “AMSilk offers an expanded portfolio of natural and bio-sourced 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 will reinforce Givaudan’s capabilities in cosmetic ingredients to support 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.”
Terms of the deal have not been disclosed and Givaudan plans to fund the transaction from existing resources.
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