Givaudan has reached an agreement to acquire certain cosmetic ingredients from Amyris, including Neossance Squalane, the highest performant emollient, Neossance Hemisqualane, the plant-based silicone alternative and CleanScreen, the sustainable sun protector.
Amyris will continue to manufacture ingredients for Givaudan to use in cosmetics, as well as provide access to their innovation capabilities.
Givaudan will become the commercialization partner for future sustainable beauty ingredients.
The terms of the deal include a combination of an upfront cash consideration and a performance based earnout, along with a long-term manufacturing agreement.
Maurizio Volpi, president fragrance and beauty, said, "I am delighted about this transaction, which fits perfectly with our 2025 strategic ambitions to develop our active beauty business while leveraging our biotechnology leadership in partnership with Amyris' expertise. In the future, we will continue to push the boundaries of biotech, creating new sustainable innovations for a better beauty future."
John Melo, Amyris president and CEO, said, "We share the same values with Givaudan, offering sustainable consumer products to improve peoples' lives while protecting the environment. Today we are reaching a major new step in our commercial partnership that we are very proud of. Our technology and biomanufacturing capabilities deliver truly differentiated sustainable ingredients that are what consumers are demanding and enable our partners to lead in their markets. This transaction is a major step forward in funding our growth and enabling us to reach operating profitability."
Markus Rassmann, head of active beauty, said, "Today, we have the widest offering of biotech cosmetic ingredients on the market. We are proud to expand our active beauty portfolio with these key active cosmetic ingredients Neossance Squalane, Neossance Hemisqualane and Cleanscreen coming from our long-standing partner Amyris. They represent unique added value in answering our customers' expectations for innovative, sustainable and efficient beauty solutions."