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Pharma Tech Outlook | Friday, June 19, 2020
"We believe that Givaudan, with its very long history and tradition in innovating taste and scent, coupled with its strong commercial presence, is the right partner to further strengthen this business in the future," commented, Daniele Giavini, Managing Director of Indena
FREMONT, CA: Indena, an Italy-based leading pharma tech company in identification, development, and production of premier quality active principles derived from plants, for use in the pharmaceutical, health-food, and personal care industries, has successfully completed the sale of its cosmetics business to Givaudan, the global leader in the creation of fragrances, and flavors. In order to maintain this acquisition process, the two market-leading companies have established a manufacturing and innovation partnership to support a key role in the active cosmetics industry.
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Givaudan is the global leader in Active Beauty and in the creation of fragrances and flavors. Headquartered in Switzerland with local presence in over 180 locations, Givaudan has been closely collaborating with cosmetics, food and beverage, consumer product, and fragrance partners. Its products are winning the hearts of customers across the globe.
Daniele Giavini, Managing Director of Indena, said, "We believe that Givaudan, with its very long history and tradition in innovating taste and scent, coupled with its strong commercial presence, is the right partner to further strengthen this business in the future . Givaudan's culture and its knowledge of natural cosmetic ingredients, as well as the use of the latest sustainable biotechnologies to create high performing functional products, fit well with the philosophy we have consistently adopted at Indena throughout our history."
According to the long term partnership agreement signed by Indena and Givaudan, Indena will continue to manufacture ingredients for Givaudan, and to provide innovation capabilities and other supporting services. This partnership offers the opportunity for both of the leading companies to enhance their capabilities and to focus on their respective core competencies, which will benefit their customers and consumers.
"The acquisition of the cosmetics business of Indena fits very well with our long term strategy for Active Beauty. They have an excellent reputation in the market, thanks to the quality of their ingredients, their strong focus on innovation as well as the mastering of their supply chain," said Maurizio Volpi, President of Givaudan's Fragrance Division.
"The biggest pain point in the industry we try to solve is the difficulty in the supply chain plus the barriers that are represented by the need to combine different manufacturing technologies and expertise," commented Togni, business development director at Indena, on the context of the struggles with supply chain in the pharma industry.
Indena has been selected as one of the Top 10 CMOs by the Pharma Tech Outlook Magazine in the year 2019.
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