SWITZERLAND – Givaudan and Novozymes, have announced a new research partnership for the development of synergistic innovative ingredients and technologies for customers.
With its heritage stretching back over 250 years, Givaudan has managed to distinguish itself as a global leader in taste and wellbeing, and fragrance and beauty
Novozymes, on the other hand, is one of the world’s largest provider of enzyme and microbial technologies.
The company’s bioinnovation is used to achieve higher agricultural yields, low-temperature washing, energy-efficient production, and production of renewable fuel.
According to a statement from Givaudan, the two companies will jointly work on the research and development of innovative sustainable solutions in the areas of food and cleaning.
“We are very excited to initiate this strategic partnership with Novozymes. Together we have the potential to grow with our respective customers while increasing our positive impact on the world with products consumers feel good about, and that preserve our planet,” Gilles Andrier, Chief Executive Officer at Givaudan said.
Givaudan says that, together the two companies will work on specific projects with the aim to bring to their respective customers a differentiating solution offering.
With a significant overlap of end use markets, there is a fundamental belief that the partnership can generate customer value by combining the two companies’ capabilities and solutions.
Givaudan further noted that their new partnership is in line with their strategies to This new to expand its offering to consumers’ brands through innovative and sustainable solutions.
Commenting on the new partnership, Ester Baiget, President and Chief Executive Officer at Novozymes said: “Our companies share purpose and values in many aspects, and we are very excited to be in this partnership with Givaudan. This Partnership is well aligned with our strategy to become even more consumer driven and solve global challenges with sustainable solutions”.
“By working together, we can faster develop consumer solutions in areas such as food and cleaning to the benefit of people’s lives and the world we live in ,” Baiget added.
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