Draco Natural Products, a leading manufacturer of innovative bioactive natural ingredients, announces the formation of a strategic partnership with Swiss flavour giant Givaudan for the development of a new proprietary line of bioactive botanical ingredients
Draco specialises in the manufacture of full spectrum standardised extract ingredients made from herbs, fruits, vegetables and mushrooms, and is well known for its expertise in creating formulas using the principles of Traditional Chinese Medicine combined with modern science.
Its innovative ingredients are popular in products ranging from dietary supplements and functional foods and beverages to skin and hair care.
Started in France in 1895 as a perfumery, Givaudan is the world’s largest flavour and fragrance company, with $4.7 billion in sales and more than 10,000 employees worldwide.
Under the new strategic partnership, the two companies will jointly work on research and development of the new proprietary product line.
It will develop functional botanical ingredients featuring TCM principles. These unique ingredients will primarily be used for producing topical products to improve and enhance skin and hair health.
“We are very excited about this partnership,” said Jerry Wu, President and CEO of Draco.
“Givaudan is a top notch company with a long history of innovating in fragrances and cosmetics, and our combined expertise will allow us to bring natural solutions for customers’ brands.”
Laurent Bourdeau, Head of Givaudan’s Active Beauty business, adds; “With this strategic partnership, we will introduce to the market unique products that have been designed using natural extracts, that follow the principles of traditional Chinese medicine, and that use all the knowledge of modern science. It is a very exciting moment for us as it opens a new world of possibilities.”
Givaudan is the global leader in the creation of flavours and fragrances.
In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over.
With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating flavours and fragrances that "engage your senses."
The company achieved sales of CHF4.7 billion in 2016. Headquartered in Switzerland with local presence in more than 95 locations, the company has more than 10,000 employees worldwide.