Givaudan acquires AMSilk's cosmetics business
today Apr 29, 2019
Flavour and fragrance company Givaudan has bought the cosmetics business of Germany’s AMSilk. The acquisition is part of the firm’s 2020 strategy to expand its Active Beauty business, Givaudan said on Monday. The terms of the deal were not disclosed.
According a press release, AMSilk is the world’s first industrial supplier of vegan silk biopolymers and has its headquarters near Munich, Germany. These vegan biopolymers offer a broad range of applications across categories such as hair care and skincare. Over the years, AMSilk has filed a total of ten patents for the use of biopolymers in cosmetic applications.
Givaudan said the acquisition will expand its portfolio of natural and bio-sourced products. It comes as global demand for environmentally-friendly beauty products continues to grow.
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