Amyris, a leading synthetic biotechnology company active in the clean health and beauty markets, has executed a binding term sheet for the acquisition of award-winning, clean wellness company OLIKA.

The acquisition furthers Amyris's growth and market leadership in clean health and beauty, and complements Amyris's family of consumer brands. OLIKA currently offers three sustainable hand sanitizer collections with six essential oil fragrances.

OLIKA was the brainchild of Nic and Thorne Perkin. In 2019, the Perkins entrusted Alastair Dorward to expand and enhance the OLIKA brand, increase revenue, and develop the portfolio of products.

As the Founding CEO of Method Products, Dorward grew the iconic household brand from pre-revenue to more than $100 million in wholesale revenue. Under Dorward's leadership, Method was also named California's fastest-growing privately held companies by Inc. and was named top 20 most innovative companies in the world by Fast Company.

"It's an honor and a privilege to spend the last 25 years building high-growth, clean and sustainable brands," said Dorward. "Driving innovation within the food, household, personal care and beauty categories is my life's work. The latest journey with OLIKA transformed the hygiene category with a more desirable consumer experience. We are thrilled to accelerate the OLIKA mission with Amyris's visionary clean beauty platform and invaluable pipeline of proprietary ingredients."

"We are pleased to welcome the OLIKA brand and team to our consumer portfolio," said John Melo, President and Chief Executive Officer of Amyris.

"The addition of OLIKA alongside Pipette, our baby, mother and family brand, provides us with a great opportunity to expand our offering and lead the sector in clean hand sanitizing and household cleaning products. We continue to take our proprietary lab-to-market science and technology direct to the consumer by combining our best-in-class natural, sustainably-sourced ingredients with distinctive consumer-inspired brands," continued Melo.

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.