PARIS — In the quest to expand its active beauty business capabilities, and to help meet the rising demand for “clean” products, Swiss fragrance and flavors supplier Givaudan will acquire AMSilk GmbH’s cosmetics business.
Terms of the deal were not disclosed, but Givaudan said it expects to fund the transaction with existing resources.
Based near Munich, AMSilk is the largest industrial supplier of vegan silk biopolymers. Its high-performance biopolymers give a wide range of applications across segments such as hair and skin care, according to Givaudan. AMSilk has filed 10 patents for the use of biopolymers in cosmetics applications.
Maurizio Volpi, president of Givaudan’s fragrance division, said the acquisition “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 AMSilk technology is unique and will allow us to enlarge our portfolio of products by developing bespoke polypeptides,” continued Laurent Bourdeau, head of Givaudan’s active beauty business. “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.”
In 2018, Givadan’s sales of fragrance ingredients and active beauty gained 4 percent on a like-for-like basis, with the latter category registering high single-digit growth against a high comparable in 2017.
Overall, the company last year registered sales of 5.35 billion Swiss francs, or 4.86 billion euros, up 9.4 percent on-year.