28 Nov 2019 --- Givaudan’s Active Beauty division is set to acquire the cosmetics business of Indena. The move is part of Givaudan’s 2020 strategy to globally expand its capabilities in botanical active cosmetic ingredients. Givaudan and Indena are to sign a long term partnership agreement under which Indena will continue to manufacture ingredients for Givaudan, as well as provide innovation capabilities and other supporting services. This partnership will allow both companies to focus on their respective core competencies to cater to the needs of their customers and consumers. The transaction is expected to close in Q1 2020.
