Croda International has acquired the technology portfolio of Brazilian company Inventiva Ltda., based in Porto Alegre, in the State of Rio Grande do Sul.
“The acquisition brings with it a suite of market proven technologies, strong customer relationships in Brazil and South America, good scientific data and leading knowledge,” explained the company. It will form the basis of a research and technology platform for the encapsulation and delivery of Croda’s products, providing a new dimension in the company’s innovation programme for Personal Care, as well as anticipated opportunities in Croda’s other market sectors.
“The capabilities of Inventiva and the experience of its team are exciting additions for Croda,” commented Marco Carmini, Managing Director, Croda Latin America. “They will allow us, in the short term, to expand our product offering within personal care and enable us to develop, in the future, new and exciting ingredients to meet the needs of consumers in this and other market sectors.”
Inventiva was founded by two entrepreneurs, Dr. Renata Raffin and Candice Felippi, MSc, in 2008 with the aim of developing and manufacturing encapsulated systems for supply mainly to the Personal Care industry.
“Everyone at Inventiva is very happy to be joining Croda through this acquisition. It will enable our technology and product portfolio to reach many more potential partners and new investment means that the team can focus on developing new products for new application areas,” said Renata Raffin. “The opportunity to increase the global use of our delivery system technologies is very promising, and we are excited by the ability to greatly improve the marketing and sales of our products through Croda’s expertise and worldwide network,” added Candice Felippi.
