The move follows a trend for big flavours and fragrance players to broaden its business footprint into the parallel world of cosmetic ingredients, and is one that International Flavors and Fragrances (IFF) focused on developing last year.
Like IFF’s acquisition, Givaudan’s partnership with Amyris is targeting the development of scientifically advanced active ingredients, based largely off the back of biotechnology.
The aim of the partnership is to solidify a working relationship that has already been going on for a number of year in the area of proprietary fragrance ingredients.
Targeting performance, costs and sustainability
Givaudan executives say that the partnership with Amyris is likely to provide a launch of a more targeted ingredients portfolio that will demonstrate “significant performance, cost and sustainability advantages over existing ingredients”.
The expansion of the project will see the two company working together to develop high-performance, cultured ingredients for a variety of cosmetic applications.
Amyris will leverage its strain engineering platform to design cosmetic active ingredient , which will then be scaled up for production at is manufacturing facility in Botras, Brazil, for commercialisation by Givaudan.
Expanding an ongoing partnership
“We are very pleased to expand our ongoing partnership with Amyris. As Givaudan continues to look for innovative and sustainable solutions, we are expanding the relationship to apply Amyris’ technology to the new field of active cosmetic ingredients,” said Maurizio Volpi, President of Givaudan’s Fragrance Division.
“This partnership demonstrates three concrete steps fully in line with our 2020 strategy: First, Open Innovation, by leveraging external partnerships; second, Sustainability, by looking at different ways to source raw materials; and third, Active Beauty, a growing area of investment for Givaudan.”
Givaudan Active Beauty is the cosmetics and personal care ingredients is part of Givaudan’s fragrance division, and has been created to tap into the fast growth in active formulations that serve the increasingly high expectations consumers have for the products they buy.
IFF buys up Lucas Meyer
This time last year Givaudan’s rival, IFF, confirmed its acquisition Lucas Meyer, with a €283m deal that gave the company a firmer footing in the cosmetics and personal care ingredients arena.
Lucas Meyer has forged a name for itself as one of the most innovative ingredients players in the natural-based actives market – an area with significant growth and the potential for further expansion.
IFF says that the deal will not only serve to increase its footprint in the cosmetics and personal care arena, but will also help it to expand its global footprint.
The existing Lucas Meyer distribution operation serves clients in eight global regions: North America, South America, Europe, North Africa, South Africa, the Middle East, the Far East, and Oceania.