Givaudan completes the acquisition of Alderys to expand its capabilities in bio-engineering technologies. Alderys develops innovative approaches to the biological engineering of valuable compounds from renewable feedstock.
Acquisition Aligns with Givaudan’s Strategy
The projects developed by Alderys are aimed at the chemical and cosmetic industry sectors as well as nutrition. Alderys’ projects are recognized for offering innovative technological industrial solutions with high sustainability standards.
The acquisition aligns with Givaudan’s long-term strategy for active beauty and more specifically, Alderys expertise in biotechnology is fully complementary to Givaudan’s Fragrance and Active Beauty businesses.
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It will allow us to expand our portfolio of natural and bio-sourced products, thanks to their strong research and development bio-engineering platform. It will be an additional tool to drive our future development and innovation in the active cosmetic ingredients space and beyond. It will also reinforce Givaudan’s capabilities to support our customers in developing sustainable, performant and safe products,” said Maurizio Volpi, president of Givaudan’s fragrance division.
Alderys Expands Expertise to Beauty Industry
Alderys is excited to join Givaudan and to bring in the bio-engineering platform developed by the company. Alderys strongly believes this is a great opportunity to expand scientific expertise to the service of the beauty, fragrance, and flavor industry.
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Alderys has a strong track record in designing innovative biological pathways to produce environmentally-friendly raw materials, which is essential to the way we develop our cosmetic ingredients. With specific scientific program dedicated to Active Beauty, we are very excited by the capabilities of Alderys to support us in enriching our offer to our customers,” said Laurent Bourdeau, head of Givaudan’s Active Beauty Business.
Source: Givaudan