IFF-Lucas Meyer Cosmetics (IFFLMC), has announced the acquisition of Speximo AB, a Swedish technology company focused on developing stabilization and encapsulation products for use in sustainable personal care and cosmetic products.
Developed from quinoa grains, the technology is natural and sustainable. Patented by Speximo, it was developed from research at Lund University in Sweden.
Its technology was initially based on the discovery that starch extracted from quinoa grains was superior for particle stabilisation in emulsion systems for functional food.
Its unique technology platform supports the creation of creams, powders and sprays used in personal care and cosmetics and also protects active ingredients and enhances texture.
Nicolas Mirzayantz, CEO of IFF’s Perfume Division said: “It is critical that in our quest for innovation, we find products and technologies that align with and support our purpose – to redefine and transform how we live in and care for the resources of our world.”
Antonio Lara, President & CEO, IFF-Lucas Meyer Cosmetics, said, “Bringing Speximo’s highly regarded technologies and intellectual property in-house will give IFF-LMC a competitive advantage in the marketplace with their sustainable multifunctional emulsifiers and texturing ingredients. Both are derived from nature and biodegradable, allowing our customers to formulate environmentally friendly transformative textures that can have a great impact on the consumer experience. We look forward to welcoming Speximo to the IFF family.”