Fragrance and beauty player Givaudan has acquired 48% of Nanovetores Group from Brazilian investor The Criatec Fund, which specialises in innovative, early-stage companies.
Founded in 2009, Brazil-based Nanovetores offers encapsulation technology for a diverse range of ingredients, and the stake purchase is expected to help Givaudan meet part of its 2025 strategy to expand the capabilities of its Active Beauty business.
“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,” commented Maurizio Volpi, President of Givaudan Fragrance & Beauty.
The Florianopolis-headquartered company is said to follow green chemistry principles with production that is water-based and free of organic solvents.
“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 make-up, which our customers are increasingly interested in,” added Laurent Bourdeau, Givaudan’s Head of Active Beauty.
Betina Giehl Zanetti Ramos and Ricardo Ramos, founders of Nanovetores, commented on the deal: “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.”
