Swiss fragrance and cosmetics actives maker Givaudan has acquired a stake in compatriot Microcaps, a developer of precision microencapsulation technology.
Givaudan said the equity investment strengthens its encapsulation capabilities for its fine fragrance and beauty business, especially in the area of non-alcoholic fine fragrance performance.
Microcaps recently launched Perfume Pearls, a patented solution to deliver alcohol-free fragrances.
Encapsulation technology plays a pivotal role in enhancing fragrance performance, enabling longer-lasting scents and improving consumer enjoyment in a wide range of fine fragrance, beauty and personal care products.
Jeremy Compton, Givaudan’s Global Head of Science & Technology Fragrances, said: “Encapsulation is one of the most transformative technologies in our field.
“By combining Givaudan’s deep expertise in fragrance creation and innovation, and our commitment to collaborate with Microcaps’ breakthrough technologies, we can explore new ways to enhance performance and sustainability for consumers across many fragrance and skin care applications.”
Dr Alessandro Ofner and Michael Hagander, founders and co-CEOs of Microcaps, added: “This collaboration allows us to scale our technology and bring scientific precision to a wider market.
“Working together with Givaudan opens new doors for innovation. Together, we can redefine what high precision encapsulation means for the fragrance and beauty industries.”
The financial terms of the investment were not disclosed.
