Givaudan has acquired a 48% stake in Nanovetores Group from The Criatec Fund, a Brazilian investment fund focused on innovative, early stage companies
Founded in 2009, Nanovetores Group is a Brazilian family owned company known for its unique technology of encapsulation for a diverse range of ingredients that are sold to beauty brands across the world. “Their product design and manufacturing processes follow the green chemistry principles, being water-based and free of organic solvents, and the highest quality and sustainability standards,” says Givaudan in a statement.
The company is based in Florianopolis and employs 56 people.
This operation is part of the group strategy to expand the capabilities of its Active Beauty business. In particular, it strengthens the company’s encapsulation capabilities for active cosmetic ingredients.
“Nanovetores will bring complementary expertise in vectorisation and encapsulation of active cosmetic ingredients, as well as valuable know-how in developing them in the most sustainable way,” said Maurizio Volpi, President of Givaudan Fragrance & Beauty.
“Nanovetores’ technology allows for the use of less actives with better efficacy, contributing to clean cosmetic formulations in skin care, hair care, personal care and makeup, which our customers are increasingly interested in,” added Laurent Bourdeau, Head of Active Beauty.
