EMERYVILLE, Calif.,
March 1, 2021 /PRNewswire/ -- Amyris,
Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company
active in the Clean Health and Beauty markets through its consumer
brands and a top supplier of sustainable and natural ingredients,
announces that it has entered into an agreement to acquire Costa
Brazil. Amyris is accelerating its growth and market leadership in
clean beauty with the addition of Costa Brazil to its family of
consumer brands, including Biossance®, Pipette®, Rose Inc., JVN,
and Terasana.
Co-founded by Francisco Costa and
Michele Levy, Costa Brazil is a
clean luxury beauty and wellness brand inspired by the rich,
natural essence of Mr. Costa's home country of Brazil. Amyris plans to leverage its science
platform and fermentation technology to develop and scale Costa
Brazil products. All products are made from pure, potent, enriching
ingredients, sustainably sourced from the Amazon, and activated
using the latest technologies. By sourcing Costa Brazil ingredients
from the Amazon in a sustainable way and applying the science of
biotechnology, Amyris will continue to support the local
communities where these ingredients are found.
"My vision for Costa Brazil has always been to create a brand
where beauty is inseparable from the health of the earth,"
commented Mr. Costa. "Amyris will be able to help execute this
vision through its innovative science and research. There is no
other company that has the same level of commitment to clean
formulation, social responsibility, ethical sourcing and
performance. Amyris puts the needs of customers and of the planet
at the forefront, and I'm excited to be part of the transformation
they are bringing to the beauty industry."
With the acquisition of Costa Brazil, Amyris will appoint
Francisco Costa as Chief Creative
Officer of the company.
"We are very excited to be adding to our portfolio a truly
differentiated offering," said John
Melo, President and Chief Executive Officer of Amyris. "We
welcome Francisco, whose successful track record at Calvin Klein,
launch of Costa Brazil, together with his own creative talents,
will help us accelerate the transition of the beauty industry to a
science-backed business that delivers sustainability without
compromise to performance. The Costa Brazil brand is loved by its
consumers, and the addition of Mr. Costa to our company will deepen
that authentic connection between Amyris brands and our consumers.
We are experiencing a consumer "Supercycle" in beauty driven by
consumer demand for healthy skin and a focus on clean, sustainably
sourced ingredients that deliver the best performance for consumers
and our planet. Amyris's clean beauty consumer business continues
its recent trajectory of more than doubling revenue versus the same
period last year."
A definitive agreement is expected to be signed by the end of
March and, subject to customary closing conditions, the transaction
is expected to close at that same time.
About Costa Brazil
Costa Brazil's mission is to create products that
are beneficial to the body and the spirit
- as well as the earth. Following Creative Director
Francisco Costa's departure from
Calvin Klein in 2016, Costa returned to his homeland of
Brazil to explore the natural
splendor of the Amazon rainforest. Local healing rituals and the
untapped wealth of curative native ingredients instilled in him a
new sense of discovery and a deep understanding of the urgent need
for conservation. The result is Costa Brazil, an eco-beneficial
beauty and wellness brand that combines the raw power of the
natural world with Costa's unparalleled eye for beauty. At the core
of Costa Brazil's skincare rituals is an exclusive Jungle Complex
consisting of mineral-rich Kaya, antioxidant-packed Cacay and
sacred, soothing Breu resin. Costa Brazil's products are made from potent,
enriching ingredients found deep within the Amazon rainforest, and
created responsibly with the help of local cooperatives and
scientists, in the hopes of nourishing the body, as well as the
Earth. An avid environmentalist, Costa serves on the board of
Conservation International, a non-profit organization devoted to
protecting nature. Since its launch in December 2018, Costa Brazil has partnered with
CI, and continues to work with them to protect and sustain the
Amazon and support its indigenous population.
About Amyris
Amyris (Nasdaq: AMRS) is a science
and technology leader in the research, development and production
of sustainable ingredients for the Clean Health & Beauty and
Flavors & Fragrances markets. Amyris uses an impressive array
of exclusive technologies, including state-of-the-art machine
learning, robotics and artificial intelligence. Our ingredients are
included in over 3,000 products from the world's top brands,
reaching more than 200 million consumers. Amyris is proud to own
three consumer brands - all built around its No Compromise® promise
of clean ingredients: Biossance® clean beauty skincare,
Pipette® clean baby skincare and Purecane™, a zero-calorie
sweetener naturally derived from sugarcane. For more information,
please visit www.amyris.com.
Forward-Looking Statements
This release contains
forward-looking statements, and any statements other than
statements of historical fact could be deemed to be forward-looking
statements. These forward-looking statements include, among other
things, statements regarding Amyris's plans to accelerate its
market leadership and growing portfolio of clean beauty brands with
the acquisition of Costa Brazil; Amyris's plans to leverage its
science platform and fermentation technology to develop and scale
Costa Brazil products and its plans to source ingredients from the
Amazon in a sustainable way to support the commerce of local
communities; Amyris's expectation of accelerating the transition of
the beauty industry to a science-backed business that delivers
sustainability without compromise to performance; and Amyris's
expectation that Costa Brazil and other new brands will be
accretive to the company's growth. These statements are based on
management's current expectations and actual results and future
events may differ materially due to risks and uncertainties,
including risks related to successfully acquiring and integrating
the Costa Brazil brand and Francisco
Costa as Chief Creative Officer; potential delays or
failures in development, production, regulatory approval and
commercialization of products, risks related to Amyris's reliance
on third parties (including in the supply chain), Amyris's
liquidity and ability to fund operating and capital expenses, and
other risks detailed from time to time in filings Amyris makes with
the Securities and Exchange Commission, including Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K. Amyris disclaims any obligation to update information
contained in these forward-looking statements, whether as a result
of new information, future events, or otherwise.
Amyris, the Amyris logo, No Compromise, Biossance, Pipette, and
Purecane are trademarks or registered trademarks of Amyris, Inc. in
the U.S. and/or other countries.
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SOURCE Amyris, Inc.