Japan’s NIKKOL agrees to buy 50% of Amyris Neossance business

In California, Amyris announced it has signed a definitive agreement to establish a cosmetic ingredients joint venture with NIKKOL GROUP (“NIKKOL”), a leading Japanese cosmetic specialty chemical provider. NIKKOL is purchasing 50% of the Amyris Neossance business for up to $20 million in total. Amyris will receive $10 million of the purchase price upfront and the remaining $10 million is structured as an earn out over the first three years of the joint venture operation.

Amyris: The Digest’s 2015 5 Minute Guide