Givaudan has acquired a 48% stake in Brazil's Nanovetores Group to enhance its Active Beauty business and advance sustainable encapsulation technology in cosmetics.
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Givaudan has taken a significant step in expanding its Active Beauty business by acquiring a 48% stake in Nanovetores Group from The Criatec Fund, a Brazilian investment fund dedicated to innovative early-stage companies. Founded in 2009 and based in Florianopolis, Nanovetores Group is a family-owned business recognized for its pioneering encapsulation technology. This innovative approach enables them to create a diverse range of award-winning ingredients sold globally to beauty brands.
Nanovetores prioritizes sustainability in its operations, adhering strictly to green chemistry principles. Their product design and manufacturing processes are water-based and completely free from organic solvents, meeting the highest quality and sustainability standards. Currently employing 56 professionals, Nanovetores is positioned to make substantial contributions to the beauty industry through its innovative solutions.
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Industry Overview in Brazil
The beauty industry in Brazil, one of the largest markets globally, is characterized by a strong demand for innovative and sustainable products. Rising consumer awareness regarding health and environmental issues si
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