Croda International Plc, a supplier of high performance ingredients and technologies to the health and beauty industries, has announced its acquisition of Inventiva Ltda’s technology portfolio.
Two entrepreneurs, Dr. Renata Raffin and Candice Felippi, MSc, founded Inventiva in 2008 with the aim of developing and manufacturing encapsulated systems for supply to the personal care industry.
“Everyone at Inventiva is very happy to be joining Croda through this acquisition,” says Dr. Raffin. “It will enable our technology and product portfolio to reach many more potential partners and new investment means that the team can focus on developing new products for new application areas.”
This move will add Inventiva’s encapsulation and delivery system technologies to Croda’s wide range of ingredients for the personal care industry. It will also form the basis of a research and technology platform for the encapsulation and delivery of Croda’s products.
“The opportunity to increase the global use of our delivery system technologies is very promising,” says Felippi. “We are excited by the ability to greatly improve the marketing and sales of our products through Croda’s expertise and worldwide network.”
“The capabilities of Inventiva and experience of its team are exciting additions for Croda,” says Marco Carmini, the managing director of Croda Latin America. “They will allow us, in the short term, to expand our product offering within personal care and enable us to develop, in the future, new and exciting ingredients to meet the needs of consumers in this and other market sectors.”
