EMERYVILLE, Calif., March 1, 2021 /PRNewswire/ — Amyris, Inc. (Nasdaq: AMRS), a number one artificial biotechnology firm energetic within the Clear Well being and Magnificence markets by way of its client manufacturers and a high provider of sustainable and pure elements, publicizes that it has entered into an settlement to accumulate Costa Brazil. Amyris is accelerating its progress and market management in clear magnificence with the addition of Costa Brazil to its household of client manufacturers, together with Biossance®, Pipette®, Rose Inc., JVN, and Terasana.
Co-founded by Francisco Costa and Michele Levy, Costa Brazil is a clear luxurious magnificence and wellness model impressed by the wealthy, pure essence of Mr. Costa’s house nation of Brazil. Amyris plans to leverage its science platform and fermentation know-how to develop and scale Costa Brazil merchandise. All merchandise are made out of pure, potent, enriching elements, sustainably sourced from the Amazon, and activated utilizing the newest applied sciences. By sourcing Costa Brazil elements from the Amazon in a sustainable method and making use of the science of biotechnology, Amyris will proceed to assist the native communities the place these elements are discovered.
“My imaginative and prescient for Costa Brazil has at all times been to create a model the place magnificence is inseparable from the well being of the earth,” commented Mr. Costa. “Amyris will be capable of assist execute this imaginative and prescient by way of its progressive science and analysis. There isn’t a different firm that has the identical degree of dedication to scrub formulation, social accountability, moral sourcing and efficiency. Amyris places the wants of shoppers and of the planet on the forefront, and I am excited to be a part of the transformation they’re bringing to the wonder trade.”
With the acquisition of Costa Brazil, Amyris will appoint Francisco Costa as Chief Inventive Officer of the corporate.
“We’re very excited to be including to our portfolio a very differentiated providing,” mentioned John Melo, President and Chief Government Officer of Amyris. “We welcome Francisco, whose profitable observe file at Calvin Klein, launch of Costa Brazil, collectively along with his personal artistic abilities, will assist us speed up the transition of the wonder trade to a science-backed enterprise that delivers sustainability with out compromise to efficiency. The Costa Brazil model is liked by its shoppers, and the addition of Mr. Costa to our firm will deepen that genuine connection between Amyris manufacturers and our shoppers. We’re experiencing a client “Supercycle” in magnificence pushed by client demand for wholesome pores and skin and a deal with clear, sustainably sourced elements that ship the most effective efficiency for shoppers and our planet. Amyris’s clear magnificence client enterprise continues its latest trajectory of greater than doubling income versus the identical interval final 12 months.”
A definitive settlement is predicted to be signed by the top of March and, topic to customary closing circumstances, the transaction is predicted to shut at that very same time.
About Costa Brazil
Costa Brazil’s mission is to create merchandise which can be helpful to the physique and the spirit – as nicely because the earth. Following Inventive Director Francisco Costa’s departure from Calvin Klein in 2016, Costa returned to his homeland of Brazil to discover the pure splendor of the Amazon rainforest. Native therapeutic rituals and the untapped wealth of healing native elements instilled in him a brand new sense of discovery and a deep understanding of the pressing want for conservation. The result’s Costa Brazil, an eco-beneficial magnificence and wellness model that mixes the uncooked energy of the pure world with Costa’s unparalleled eye for magnificence. On the core of Costa Brazil’s skincare rituals is an unique Jungle Advanced consisting of mineral-rich Kaya, antioxidant-packed Cacay and sacred, soothing Breu resin. Costa Brazil’s merchandise are made out of potent, enriching elements discovered deep throughout the Amazon rainforest, and created responsibly with the assistance of native cooperatives and scientists, within the hopes of nourishing the physique, in addition to the Earth. An avid environmentalist, Costa serves on the board of Conservation Worldwide, a non-profit group dedicated to defending nature. Since its launch in December 2018, Costa Brazil has partnered with CI, and continues to work with them to guard and maintain the Amazon and assist its indigenous inhabitants.
Amyris (Nasdaq: AMRS) is a science and know-how chief within the analysis, improvement and manufacturing of sustainable elements for the Clear Well being & Magnificence and Flavors & Fragrances markets. Amyris makes use of a formidable array of unique applied sciences, together with state-of-the-art machine studying, robotics and synthetic intelligence. Our elements are included in over 3,000 merchandise from the world’s high manufacturers, reaching greater than 200 million shoppers. Amyris is proud to personal three client manufacturers – all constructed round its No Compromise® promise of fresh elements: Biossance® clear magnificence skincare, Pipette® clear child skincare and Purecane™, a zero-calorie sweetener naturally derived from sugarcane. For extra data, please go to www.amyris.com.
This launch accommodates forward-looking statements, and any statements apart from statements of historic reality could possibly be deemed to be forward-looking statements. These forward-looking statements embody, amongst different issues, statements concerning Amyris’s plans to speed up its market management and rising portfolio of fresh magnificence manufacturers with the acquisition of Costa Brazil; Amyris’s plans to leverage its science platform and fermentation know-how to develop and scale Costa Brazil merchandise and its plans to supply elements from the Amazon in a sustainable method to assist the commerce of native communities; Amyris’s expectation of accelerating the transition of the wonder trade to a science-backed enterprise that delivers sustainability with out compromise to efficiency; and Amyris’s expectation that Costa Brazil and different new manufacturers shall be accretive to the corporate’s progress. These statements are based mostly on administration’s present expectations and precise outcomes and future occasions might differ materially resulting from dangers and uncertainties, together with dangers associated to efficiently buying and integrating the Costa Brazil model and Francisco Costa as Chief Inventive Officer; potential delays or failures in improvement, manufacturing, regulatory approval and commercialization of merchandise, dangers associated to Amyris’s reliance on third events (together with within the provide chain), Amyris’s liquidity and skill to fund working and capital bills, and different dangers detailed every so often in filings Amyris makes with the Securities and Alternate Fee, together with Annual Stories on Kind 10-Ok, Quarterly Stories on Kind 10-Q and Present Stories on Kind 8-Ok. Amyris disclaims any obligation to replace data contained in these forward-looking statements, whether or not because of new data, future occasions, or in any other case.
Amyris, the Amyris emblem, No Compromise, Biossance, Pipette, and Purecane are emblems or registered emblems of Amyris, Inc. within the U.S. and/or different nations.
SOURCE Amyris, Inc.