- In April 2023, Akay formed a strategic partnership with Oterra, the global leader in natural colors, known for its diverse industry portfolio. This collaboration boosts Oterra's backward integration, particularly in sourcing key ingredients such as turmeric and paprika, ensuring a more robust and sustainable supply chain
- In July 2023, KLK OLEO and GNT launched Shade Vivid Orange - OS, a revolutionary 100% oil-soluble, plant-based color in their Exberry portfolio. This innovative color is derived from non-GMO paprika, offering a clean-label alternative to artificial colors and traditional paprika oleoresin. Designed to meet the growing demand for natural ingredients, it is suitable for a wide range of applications, providing a sustainable and vibrant coloring solution in food and beverage products
- In January 2022, Givaudan acquired a 48% stake in Nanovetores Group from The Criatec Fund, a Brazilian investment fund focused on innovative, early-stage companies. This strategic move highlights Givaudan's commitment to expanding its footprint in the beauty products sector, enhancing its capabilities in the market. The acquisition strengthens Givaudan's position in the growing beauty and personal care industry, providing access to Nanovetores' advanced technologies and innovations
