Givaudan has successfully completed the acquisition of Indena’s cosmetics business. In order to sustain this acquisition process, as previously reported, the companies have established a manufacturing and innovation partnership to support a key role in the active cosmetics industry.
Based on the long-term partnership agreement signed by Indena and Givaudan, Indena will continue to manufacture ingredients for Givaudan and to provide innovation capabilities and other supporting services. This partnership will allow both companies to enhance their capabilities and to focus on their respective core competencies, a win-win strategy to the benefit of customers and consumers.
“We believe that Givaudan, with its very long history and tradition in innovating taste and scent, coupled with its strong commercial presence, is the right partner to further strengthen this business in the future,” Indena Managing Director Daniele Giavini said. “Givaudan’s culture and its knowledge of natural cosmetic ingredients, as well as the use of the latest sustainable biotechnologies to create high performing functional products, fit well with the philosophy we have consistently adopted at Indena throughout our history. We have been in favor of this deal as it enables Indena to fully manage, focus on and expand its growing core markets, pharmaceuticals and health food, whilst continuing to support the cosmetic ingredients business which has been a valuable part of our portfolio.”
“The acquisition of the cosmetics business of Indena fits very well with our long term strategy for Active Beauty,” Maurizio Volpi, president of Givaudan’s fragrance division, said. “They have an excellent reputation in the market, thanks to the quality of their ingredients, their strong focus on innovation as well as the mastering of their supply chain. It offers Active Beauty an expanded portfolio of plant based ingredients that nicely complement our current portfolio. We are very confident that the acquisition will further enhance our position as a leading player in the active cosmetic ingredients industry.”