Givaudan announces strategic partnership with Draco Natural Products, Inc.
Givaudan's Active Beauty business to expand its offering through new proprietary product line leveraging traditional Chinese medicine knowledge
Givaudan is excited to announce the formation of a strategic partnership with Draco Natural Products, Inc. for the development of a new proprietary line of bioactive botanical ingredients for the use in its Active Beauty business.
The two companies will jointly work on research and development of active botanical ingredients formulated using the principles of traditional Chinese medicine (TCM) These unique ingredients will primarily be used for producing topical products to improve and enhance skin and hair health.
This new partnership is fully in line with Givaudan’s 2020 strategic goals and growing its Active Beauty business.
Maurizio Volpi, President Fragrance Division at Givaudan said: “We are always looking for innovative solutions and Draco brings to us an impressive expertise in effective naturally-derived products. We will enhance these ingredients and make them ideal for our skin and hair care Active Beauty ingredients portfolio. We strongly believe it will respond to increasing consumer needs in products that contribute to their health and well-being.”
Draco is a world leader in the supply of exceptional quality botanical extract ingredients for nutritional supplements, functional foods, OTC, and personal care.
The company has developed a proprietary extraction process which allows the delivery of extracts that are distinctive, traceable and sustainable. “We are very excited about this partnership,” said Jerry Wu, President and CEO of Draco. “Givaudan is a top notch company with a long history of innovation, and our combined expertise will allow us to bring natural solutions for customers’ brands.”
Laurent Bourdeau, Head of Givaudan’s Active Beauty business adds: “With this strategic partnership, we will introduce to the market unique products that have been designed using natural extracts, that follow the principles of traditional Chinese medicine, and that use all the knowledge of modern science. It is a very exciting moment for us as it opens a new world of possibilities.”
