Givaudan And Novozymes Partners For Innovative Sustainable Ingredient Solutions
Monday, November 16th, 2020 | 486 Views
Givaudan and Novozymes has announced the formation of a strategic research partnership for the development of synergistic innovative ingredients and technologies for customers. The two companies will jointly work on the research and development of innovative sustainable solutions in the areas of food and cleaning.
This new partnership is fully in line with Novozymes’ updated strategy Better Business with Biology and with Givaudan’s 2025 strategic goals to expand its offering to consumers’ brands through innovative and sustainable solutions.
Givaudan brings the highest investment in research and development in the industry to create the emotional signatures and food experiences for consumer brands. While Novozymes brings innovation with extensive know-how in enzymes and microorganisms with substantial investments in technology and R&D, driving sustainable solutions that enable differentiated product performance for consumers.
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.
“Our companies share purpose and values in many aspects, and we are very excited to be in this partnership with Givaudan. 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,” said Ester Baiget, President and Chief Executive Officer at Novozymes,
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