EMERYVILLE, Calif.,
June 15, 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 executed a binding
term sheet for the acquisition of award-winning, clean wellness
company OLIKA Inc. (OLIKA). The acquisition furthers Amyris's
growth and market leadership in clean health and beauty, and
complements Amyris's family of consumer brands.
OLIKA, which means "differently" in Swedish, is transforming the
hygiene category through a dedication to transparency, combining
the safest, most effective ingredients and packaged in beautiful,
nature-inspired design. The brand currently offers three
sustainable hand sanitizer collections with six essential oil
fragrances. OLIKA was the brainchild of Nic
and Thorne Perkin. In 2019, the Perkins entrusted
Alastair Dorward to expand and
enhance the OLIKA brand, increase revenue, and develop the
portfolio of products.
Prior to building a top-notch team at OLIKA, Dorward enjoyed a
successful track record of commercializing innovative household,
personal care, and food brands such as Method Products, Own Beauty
and Smitten Ice Cream. As the Founding CEO of Method Products,
Dorward grew the iconic household brand from pre-revenue to more
than $100 million in wholesale
revenue. Under Dorward's leadership, Method was also named
California's fastest-growing
privately held companies by Inc. and was named top 20 most
innovative companies in the world by Fast Company.
"It's an honor and a privilege to spend the last 25 years
building high-growth, clean and sustainable brands," said Dorward.
"Driving innovation within the food, household, personal care and
beauty categories is my life's work. The latest journey with OLIKA
transformed the hygiene category with a more desirable consumer
experience. We are thrilled to accelerate the OLIKA mission with
Amyris's visionary clean beauty platform and invaluable pipeline of
proprietary ingredients."
"We are pleased to welcome the OLIKA brand and team to our
consumer portfolio," said John Melo,
President and Chief Executive Officer of Amyris. "The addition of
OLIKA alongside Pipette, our baby, mother and family brand,
provides us with a great opportunity to expand our offering and
lead the sector in clean hand sanitizing and household cleaning
products. We continue to take our proprietary lab-to-market science
and technology direct to the consumer by combining our
best-in-class natural, sustainably-sourced ingredients with
distinctive consumer-inspired brands," continued Melo. "At Amyris,
we continue to deliver on our ability to translate science into
applications and products that are loved by consumers and that
enable the transition of many industries to sustainable chemistry.
We are excited to continue expanding our sector leadership and
accelerating making the planet a healthier place for all."
Alastair Dorward will join Amyris
as the Chief Brand Officer and will
work closely with the Amyris leadership team to continue redefining
the standards of sustainability and efficacy in clean beauty and
wellness while accelerating growth and innovation for the Amyris
family of consumer brands.
About OLIKA
OLIKA (pronounced "oo-lee-kah") means
"differently" in Swedish and exemplifies our approach – from our
beautiful nature-inspired design that ergonomically fits in your
hand, to our dedication to transparency and use of only the safest
and most effective ingredients. At OLIKA, we believe the things you
do every day should be delightful. Hand sanitizer is the first of
many OLIKA collections that will reinvent hygiene and wellness
staples
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
and operate a family of consumer brands - all built around its No
Compromise® promise of clean ingredients:
Biossance® clean beauty skincare,
Pipetteâ 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 expectation of furthering its
growth and market leadership in clean health and beauty and leading
the sector in sanitizing and household cleaning products with
its acquisition of OLIKA; Amyris's plans to acquire and launch
OLIKA and the timing thereof; and Amyris's expectations regarding
launches of new brands. 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 OLIKA; 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.
SOURCES Amyris, Inc.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/amyris-to-acquire-olika-consumer-brand-expanding-family-of-clean-consumer-brands-and-accelerating-growth-301312415.html
SOURCE Amyris, Inc.