Givaudan has acquired the cosmetics business of AMSilk, in a move to strengthen the capabilities of its active beauty business.
AMSilk GmbH is an industrial supplier of vegan silk biopolymers based out of Munich. Its range of vegan biopolymers offer a variety of applications across categories including hair care and skin care, offering benefits such as silk touch, anti-pollution and color protection. To date, the company has filed 10 patents for the use of biopolymers in cosmetics applications.
Previously: AMSilk to Exhibit at in-cosmetics Global 2018
Terms of the deal have not been disclosed; Givaudan plans on funding the transaction through existing resources.
“The acquisition of the cosmetics business of AMSilk fits very well our long-term strategy for active beauty,” said Maurizio Volpi, president, Givaudan fragrance division. “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 honored that Givaudan is acquiring our successful cosmetics business to further expand internationally to reach even more consumers around the world with our functional biopolymers.”
