In Finance, Tech

Givaudan expands their Active Beauty portfolio with the acquisition of AMSilk Biotech, the world’s largest supplier of vegan silk biopolymers.

WHO: Munich-based AMSilk is the world’s first industrial supplier of vegan silk biopolymers. The business offers a range of high-performance biosourced polypeptides with unique functional properties in the field of cosmetics. These vegan biopolymers offer a broad range of applications across categories such as haircare and skincare with benefits like silk touch, anti-pollution, or color protection of the hair. Over the years, they have filed 10 patents for the use of biopolymers in cosmetic applications.

Givaudan is based in Vernier, Switzerland, and is the largest fragrance and flavors supplier in the world. Currently present in all major markets, Givaudan strives to deliver fragrances for personal, home, and laundry care, as well as prestige perfumes. Customers benefit from Givaudan’s expertise in three business areas: Fine Fragrances, Consumer Products, and Fragrance and Cosmetic Ingredients.

WHY: The acquisition of AMSilk is in line with Givaudan’s 2020 strategy to expand the capabilities of their Active Beauty business.

IN THEIR OWN WORDS: 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.”

“The products are biosourced and the processes are fully sustainable,” stated Laurent Bordeau, Head of Givaudan’s Active Beauty Business. “It is fully in line with our ambition to fulfill the growing consumer demand for ‘clean beauty’ products.”

“The AMSilk technology is unique and will allow us to enlarge our portfolio of products by developing bespoke polypeptides,” added Bourdeau. “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 fulfill the growing consumer demand for ‘clean beauty’ products.”

Jens Klein, CEO of AMSilk, added, “We are honored that Givaudan is acquiring our successful cosmetics business to further expand internationally to reach even more consumers around the world with our functional biopolymers.”

DETAILS: 

  • Givaudan acquires AMSilk Biotech.
  • Terms of the deal were not disclosed, but Givaudan said it expects to fund the transaction with existing resources.
  • AMSilk will be part of the Givaudan Active Beauty portfolio.

Photo: Hans Reniers via Unsplash

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