EMERYVILLE, Calif.,
April 14, 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, today announced that it has agreed to acquire
Beauty Labs International Ltd. ("Beauty Labs"), a leader in AI
technology that provides breakthrough connected consumer
experiences to the beauty and wellness community.
Amyris is accelerating its growth and market leadership in clean
beauty by adding digital innovation to further enhance the consumer
experience of its family of consumer brands consisting of
Biossance®, Pipette®, Rose Inc., JVN,
Terasana, and Costa Brazil. These Amyris brands will utilize Beauty
Labs' leading edge AI technology to create compelling,
personalized, connected consumer experiences and further accelerate
the growth of Amyris's ecommerce revenue.
"Our Beauty Labs team is excited to become part of Amyris and to
help pioneer the next generation of digital consumer experiences,"
said Mark Gerhard, Founder of Beauty
Labs. "A connected consumer is the future of the beauty and
wellness industry, and we are proud to be joining Amyris to bring a
new level of sophistication to the consumer experience."
"Mark has built an incredible team and brings a distinctive
mindset and capability to accelerate our revenue growth through
deeper connections with our consumers," commented John Melo, President and CEO of Amyris. "We are
building and growing leading clean beauty brands and are committed
to an omnichannel strategy of which the digital experience is
critical. We partner with some of the world's leading retailers,
and we want the consumer to enjoy their beauty experience where
they want it and need it. With a cash balance of $250 million, the strongest ingredients
development pipeline in our history, significant acceleration of
our revenue growth, and continued progress with our remaining
strategic transaction, we continue a track record of
industry-leading execution."
The parties expect to sign a definitive agreement and close over
the next 30 days subject to the successful completion of due
diligence and customary closing conditions.
About Beauty Labs
Beauty Labs International Ltd., with
bases in both the UK and US, is an independent, employee-owned
technology company that pioneers the future of enhanced reality in
beauty and wellness. Consumer expectations are rapidly changing,
and they are looking for brands and products that understand 'who'
they are and 'what' they stand for in a personalized and
interactive way. Beauty Labs enhanced reality experiences put the
customer first, embracing their sense of immediacy, leveraging the
familiar, and keeping interactive moments short and assistive.
&vest, a consumer brand investment and incubation platform, is
an investor and operational partner to Beauty Labs.
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
growth and market leadership in clean beauty by adding digital
innovation, utilize Beauty Labs' leading edge AI technology to
create enhanced consumer experiences for Amyris's family of
consumer brands, and accelerate the growth of Amyris's ecommerce
revenue; Amyris's expectation that the acquisition of Beauty Labs
will add digital innovation and AI to engage in real-time with
consumers and develop long-lasting relationships with Amyris's
brands; and expectations regarding signing and closing the
acquisition and the timing thereof. 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 any delays or failures in the successful
acquisition and integration of Beauty Labs and its business;
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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/amyris-to-acquire-beauty-labs-combining-clean-beauty-leadership-with-digital-innovation-301268575.html
SOURCE Amyris, Inc.