Givaudan takes over cosmetics business of AMSilk
The vegan silk biopolymers of the company AMSilk seem to be in particular demand with Swiss companies at present: After the luxury watch manufacturer Omega announced a cooperation with the Martinsried biotech company in January, Givaudan, the world's largest manufacturer of fragrances and flavors, announced its next coup: The specialty chemicals company based in Vernier will take over the cosmetics business of AMSilk GmbH. The acquisition is part of Givaudan's 2020 strategy to strengthen its Active Beauty business. Financial details of the deal were not disclosed.