Givaudan acquires minority stake in Nanovetores Group

By

Jennifer Braun

Published
Jan 28, 2022

Swiss group Givaudan, the world's leading fragrance and aroma manufacturer, announced on Wednesday that it has acquired a 48 percent stake in Nanovetores Group from The Criatec Fund, a Brazilian investment fund focused on innovative, early stage companies. 

The move is in line with Givaudan’s 2025 strategy, which includes plans to expand the capabilities of its Active Beauty business — the fastest growing at Givaudan. Terms of the deal were not disclosed. 

The acquisition, will allow Nanovetores to offer its expertise in vectorisation and encapsulation of active cosmetic ingredients, as well as know-how in sustainable product development, explained Maurizio Volpi, President of Givaudan’s fragrance & beauty business.

Founded in 2009, Nanovetores Group is a Brazilian family owned innovation company headquartered in Florianopolis. Backed by a team of 56 people, they are known for its unique technology of encapsulation for a diverse range of award-winning ingredients, sold across beauty brands. 

Their product design and manufacturing is also rooted in sustainability, and follows the green chemistry principles, being water-based and free of organic solvents.  

“We are delighted to partner with Nanovetores as they will bring smart and sustainable solutions to make our active ingredients even more effective,” said Laurent Bourdeau, head of active beauty.

“Their 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.” 

Dr Betina Giehl Zanetti Ramos and Ricardo Ramos, founders of Nanovetores added: “Nanovetores and Givaudan have very complementary innovation capabilities, and we are looking forward to opening up a new world of possibilities for our respective customers’ beauty brands that consumers love.” 

In June, Givaudan also took a 25 percent stake in B.Kolormakeup & Skincare in order to grow capabilities in its fragrance and beauty business.