“With Speximo’s focus on sustainability, this acquisition fills that need and helps us support our customers’ efforts and consumer desire for products with a greener profile,” stated Nicolas Mirzayantz, IFF Scent Division CEO.
IFF, a leading innovator of scent, taste, and nutrition, and its affiliate, IFF-Lucas Meyer Cosmetics (IFF-LMC), announced it has completed the acquisition of Speximo AB, a Swedish technology company focused developing next generation stabilization and encapsulation products. This will support IFF's strategy to develop sustainable personal care and cosmetic products, along with other potential commercial application areas.
“It is critical that in our quest for innovation, we find products and technologies that align with and support our purpose—to redefine and transform how we live in and care for the resources of our world,” Mirzayantz noted.
Speximo’s patented technology was developed from research carried out at Lund University in Sweden. The technology platform supports the creation of creams, powders and sprays used in personal care and cosmetics. It also protects active ingredients and enhances texture.
Developed from quinoa grains, the technology is both natural and sustainable. With sustainability top of mind in many markets globally, Speximo’s technology aimed to align with the UN sustainable development goals (SDGs) and considered the ethical aspects of raw materials, production, and consumption.
Antonio Lara, President and CEO of IFF-Lucas Meyer Cosmetics, added, “Bringing Speximo’s highly regarded technologies and intellectual property in-house will give IFF-LMC a competitive advantage in the marketplace with their sustainable multifunctional emulsifiers and texturing ingredients. Both are derived from nature and biodegradable, allowing our customers to formulate environmentally friendly transformative textures that can have a great impact on the consumer experience. We look forward to welcoming Speximo to the IFF family.”