Givaudan Buys Cosmetics Business of Germany’s AMSilk
1st May 2019
Swiss flavors and fragrances maker Givaudan has reached an agreement to acquire the cosmetics business of AMSilk. The acquisition is part of Givaudan’s 2020 strategy to expand the capabilities of the Active Beauty business.
AMSilk, based in Planegg near Munich, Germany, is the world’s first industrial supplier of vegan silk biopolymers and 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 hair care and skin care with benefits like silk touch, anti-pollution, or color protection of the hair. Over the years, AMSilk has filed 10 patents for the use of biopolymers in cosmetic applications.
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.”
Jens Klein, CEO of AMSilk added: “We are honoured that Givaudan is acquiring our successful cosmetics business to further expand internationally to reach even more consumers around the world with our functional biopolymers.”
Laurent Bourdeau, Head of Givaudan’s Active Beauty Business said: “The AMSilk technology is unique and will allow us to enlarge our portfolio of products by developing bespoke polypeptides. 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 fulfil the growing consumer demand for ‘Clean Beauty’ products.”
Terms of the deal have not been disclosed and Givaudan plans to fund the transaction from existing resources.
Photo: AMSilk’s innovative solutions are developed in the company's own laboratory.
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