Amyris, Inc. (Nasdaq: AMRS), an Emeryville, Calif.-based synthetic biotechnology company active in the Clean Health and Beauty markets through its consumer brands, and a supplier of sustainable and natural ingredients, is to acquire Olika, Inc., a Greenbrae, California-based clean wellness company.
The amount of the deal was not disclosed.
The acquisition furthers Amyris’s growth and market leadership in clean health and beauty, and complements its family of consumer brands.
Founded by Nic and Thorne Perkin, Olika currently offers three sustainable hand sanitizer collections with six essential oil fragrances. In 2019, the Perkins added Alastair Dorward to expand and enhance the brand, increase revenue, and develop the portfolio of products.
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.
Led by John Melo, President and Chief Executive Officer, Amyris 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 array of exclusive technologies, including machine learning, robotics and artificial intelligence. Ingredients are included in over 3,000 products from the world’s top brands, reaching more than 200 million consumers. Its consumer brands include Biossance® clean beauty skincare, Pipetteâ clean baby skincare, and Purecane™, a zero-calorie sweetener naturally derived from sugarcane.