THE WHAT? Givaudan is to acquire a portfolio of major cosmetic ingredients from Amyris, while also establishing a strategic partnership for natural, sustainably-sourced ingredients for the beauty industry.
THE DETAILS Ingredients included in the acquisition include Neossance® Squalane, the highest performant emollient, Neossance® Hemisqualane, the plant-based silicone alternative and CleanScreenTM, the sustainable sun protector.
As part of the long term partnership agreement, Amyris will continue to manufacture ingredients for Givaudan to use in cosmetics, as well as provide access to their innovation capabilities.
Givaudan will become the commercialisation partner for future sustainable beauty ingredients.
THE WHY? The acquisition and partnership form part of Givaudan’s 2025 strategy to provide ‘new and superior product offerings’ in order to expand its Active Beauty business.
Maurizio Volpi, President Givaudan Fragrance & Beauty, said: “In the future, we will continue to push the boundaries of biotech, creating new sustainable innovations for a better beauty future.”
The post Givaudan to acquire major cosmetic ingredient portfolio from Amyris; to establish strategic partnership for sustainably-sourced ingredients appeared first on Global Cosmetics News.