Givaudan has strengthened its Active Beauty capabilities in plant cell culture and phytopeptides. It has entered into long term partnership with Bio FD&C, a South Korean beauty innovation company as part of its 2020 strategy to expand the capabilities of our Active Beauty business.
Bringing the Best Anti-aging Cosmetics
Founded in 2005, Bio FD&C is an innovative science lead company which is specialized in active ingredients designed for anti-aging cosmetics. Their unique plant cell culture technology is at the origin of their success in the South Korean market for trending K-beauty brands’ products.
Givaudan and Bio FD&C will mutually benefit from their respective know-how in research and development dedicated to bringing the best anti-aging cosmetic ingredients to consumers. This collaboration will further enhance Givaudan’s skills in plant cell culture and phytopeptides technologies and will also further advance its Active Beauty business’ expertise in biotechnology.
In addition to the research collaboration, the two companies will join forces on the commercial side to further expand their respective businesses in South Korea and Givaudan will support the commercialization of Bio FD&C’s portfolio on a global scale.
Developing Future Ingredients
As part of the partnership, Givaudan acquired a minority stake in Bio FD&C. The financial terms of the transaction were not disclosed.
Maurizio Volpi, President of Givaudan’s Fragrance Division said:
“The strategic relationship with Bio FD&C fits nicely with our 2020 strategy to expand our capabilities in health and well-being for our Active Beauty business. South Korea is one of the most innovative markets in cosmetics, in particular in skin care, and it has been driving the trends in the beauty industry in the recent years. It is an important strategic step for Givaudan to gain faster access to the South Korean market and to benefit from Bio FD&C’s unique innovation capabilities to develop the cosmetic ingredients of the future.”
Source: Givaudan Active Beauty