Global manufacturer of fragrance and cosmetic ingredients Givaudan has reached an agreement with Amyris to acquire major cosmetic ingredients from the biotech company, including high performance emollient Neossance Squalane, plant-based silicone alternative Neossance Hemisqualane and sustainable sun protector CleanScreen.
In addition, Givaudan and Amyris have signed a long-term partnership agreement under which Amyris will continue to manufacture cosmetic ingredients for Givaudan, as well.
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Updated: All the Beauty M&A Deals of 2021
Women s Wear Daily (WWD) 3 days ago Allison Collins
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Just a few weeks into 2021, there have already been multiple billion-dollar beauty M&A deals, including the Estée Lauder Cos. Inc.’s deal to acquire the rest of Deciem, parent company of The Ordinary, and Shiseido inking a deal to sell its personal care business to CVC Capital.
There have also been smaller deals, as venture capitalists continue to back beauty companies.
Here is a list of the beauty M&A transactions so far in 2021:
January
Paper Cosmetics, a direct-to-consumer natural and sustainable deodorant brand, closed a funding round. Terms were not disclosed.
Amyris to Acquire EcoFabulous Clean Beauty Brand April 19, 2021 Contact Author Hannah Fink
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EcoFabulous offers eco-friendly makeup with clean formulations and green packaging. Photo: EcoFabulous.
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Amyris will be acquiring a 70% controlling interest in EcoFabulous and expects to grow the Gen Z consumer segment. EcoFabulous founder Marissa Shipman will join Amyris to lead brand innovation and serve as the chief creative officer for the EcoFabulous brand.
Shipman said: I am passionate about building beauty products that deliver real performance for the beauty consumer and make no compromise with respect to clean ingredients and packaging because there is no planet B. EcoFabulous is my latest brand innovation and I am looking forward to partnering with the Amyris team to accelerate our growth. I see an exciting future leveraging the opportunities that Amyris s depth in sustainable ingredients brings to our brand.