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Announced

Amyris to acquire Costa Brazil.

Synopsis

Amyris, a producer and distributor of chemical products, agreed to acquire Costa Brazil, an eco-beneficial beauty company. Financial terms were not disclosed. "We are very excited to be adding to our portfolio a truly differentiated offering. 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," John Melo, Amyris President and CEO.

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