Biotechnology giant Amyris continues building its portfolio of beauty brands with its first retail acquisition of Onda Beauty.

WHO: Opened in 2014, Onda Beauty was co-founded by Larissa Thompson, Sarah Bryden-Brown, and actress Naomi Watts. It has two stores in Tribeca and Sag Harbor. The retailer offers an assortment of brands that meet its criteria, including a no-list of ingredients 79 items long and guidelines for synthetic ingredients. The locations also have a service component offering facial treatments.

Amyris is a science and technology leader in the research, development, and production of sustainable ingredients for the Clean Health and Beauty and Flavors & Fragrances markets. Amyris uses an array of exclusive technologies, including state-of-the-art machine learning, robotics, and artificial intelligence. Their portfolio of consumer brands includes Biossance, Pipette, Rose Inc., JVN, Terasana, and Olika.

WHY: While no plans for the retailer were released, Amyris said the purchase "aligns with Amyris' strategy to deepen its relationships with consumers."

DETAILS:

• Amyris acquired clean beauty retailer Onda Beauty. The terms of the purchase were not disclosed. 
• A July 2021 press release announced Amyris and Naomi Watts were joining forces "to create a new consumer brand to provide science-backed, menopause wellness personal care products," reportedly slated for late 2022
• In January 2022, Amyris acquired the assets of MenoLabs.
• Amyris acquired clean wellness company Olika in June 2021.
• Amyris added Costa Brazil to its portfolio of consumer brands in March 2021.
• In April 2021, Amyris divested its flavor and fragrance bio-based intermediates business in a deal with Royal DSM, and acquired Gen Z-focused beauty brand EcoFabulous Cosmetics, and Beauty Labs International Ltd., a leader in AI technology.
• Amyris added Terasana to its brand portfolio in February 2021.