Thanks to this operation, the German company aims at securing exclusive distribution rights for highly advanced cosmetic active ingredients. “In acquiring a stake in TPI, Symrise gains access to the ultra-innovative group of active ingredients known as peptides, which the company can immediately offer to its customers in the international cosmetics industry,” Symrise stated in a release.
Peptides are short polymers formed from the linking of α-amino acids. They have received prominence in molecular biology in recent time and their use in cosmetics is growing in popularity. They are currently used as anti-microbial substances and in anti-aging skin care products, for example, and stimulate hair growth.
“It is only just recently that peptides have been used in cosmetic products. We are delighted to be able to integrate these modern and very effective ingredients in our portfolio. With TPI, we have found a partner who is developing these ingredients at a scientifically exalted level and can offer ample expertise in this field,” stated Dr. Klaus Stanzl, President of Symrise’s Scent & Care, Life Essentials.
In connection with the Symrise shareholding in TPI, Klaus Stanzl has also been elected to its Supervisory Board.
