Givaudan acquired a 48% stake in Nanovetores, a Brazilian family-owned ingredient innovation company.
WHO: Founded in 2009, Nanovetores Group is a Brazilian family-owned innovation company known for its unique technology of encapsulation for a diverse range of award-winning beauty ingredients. Their product design and manufacturing processes follow green chemistry principles, being water-based and free of organic solvents, and the highest quality and sustainability standards. The company is based in Florianopolis and employs 56 people.
Givaudan is the global leader in the creation of flavors and fragrances. With its heritage stretching back over 250 years, the company has a long history of innovating tastes and scents. From a favorite drink to your daily meal, from prestige perfumes to cosmetics and laundry care, its creations inspire emotions and delight millions of consumers the world over. The company is committed to driving purpose-led, long-term growth while leading the way to improve happiness and health for people and nature.
WHY: The transaction is part of the company’s 2025 strategy to expand the capabilities of its Active Beauty business.
IN THEIR OWN WORDS: "It is exciting for Givaudan to invest in Nanovetores as it perfectly fits with our 2025 strategy to expand our Active Beauty business, one of the fastest growing at Givaudan. Nanovetores will bring complementary expertise in vectorisation and encapsulation of active cosmetic ingredients, as well as valuable know-how in developing them in the most sustainable way. This will strongly contribute to our Company's purpose of creating for happier, healthier lives, with love for nature," said Maurizio Volpi, President Givaudan Fragrance & Beauty.
Laurent Bourdeau, Head of Active Beauty, Givaudan, said: "We are delighted to partner with Nanovetores as they will bring smart and sustainable solutions to make our active ingredients even more effective. Their technology allows for the use of less actives with better efficacy, contributing to clean cosmetic formulations in skin care, hair care, personal care and makeup, which our customers are increasingly interested in."
Dr. Betina Giehl, Zanetti Ramos, and Ricardo Ramos, founders of Nanovetores, said: "We are proud to join forces with Givaudan and to bring in our knowledge of the vectorisation of active cosmetic ingredients. Nanovetores and Givaudan have very complementary innovation capabilities, and we are looking forward to opening up a new world of possibilities for our respective customers' beauty brands that consumers love."
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