Agreement between the Brazilian multinational and the American company provides exclusivity for Latin America and aims to meet the growing consumer demand for natural non-calorie sweetening options
EMERYVILLE, Calif., Dec. 03, 2018 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS), a leader in the research, development and production of pure, sustainable ingredients for the Health & Wellness, Clean Beauty and Flavors & Fragrances markets, has announced today a new partnership with Camil Alimentos (B3:CAML3), one of the largest food companies in Latin America to meet growing consumer demand for zero calorie natural sweeteners.
The agreement, which provides exclusivity between Camil Alimentos and Amyris in Latin America, consists of the development of an innovative option of a natural sweetener, zero calorie and extracted from sugarcane. The partnership which will begin in Brazil, a country in which the company leads the sugar category and offers the most complete portfolio of the segment, will be the first market to receive the innovation.
Camil Alimentos has a broad market reach through 300,000 points of sale including retail, cafes and restaurants. The company is also the owner of Brazil’s number one sugar brand União, recognized as the leading brand in sugar category among trade, for the last 18 years, and is perceived as one of the most valuable brands among 50 other brands in Brazil.
"We are always attentive to the demands of the consumers and with the União brand, the most remembered by the Brazilian consumers, we are able to innovate and surprise once more. The partnership makes perfect sense both for Camil Alimentos' business strategy and for the expansion strategy of the sweetened category,” said Luciano Quartiero, Camil Alimentos CEO.
“We are thrilled to partner with such a world class consumer products company as Camil. And, as it is with all of our partners, Camil can count on us to deliver a reliable supply of sugarcane derived, zero calorie sweetener that has the leading taste profile, and is lower in cost than competitors. We call this No Compromise™ and it’s essentially a certificate of trust that we stand by,” said John Melo, President and CEO of Amyris. “Ahead of our official launch event for our sweetener on the evening of December 3 in New York City, we are very pleased to announce our partnership and we expect to quickly become the leader in providing Brazilian consumers with the best-tasting, zero calorie sweetener with none of the bad effects of synthetic or other natural sweeteners that leave a lingering bitter aftertaste,” he added.
This collaboration fits well with Amyris’s strategy to create value for market leaders by delivering No Compromise™ ingredients through long-term partnerships. Amyris’s zero calorie sweetener has received designation as GRAS (Generally Recognized as Safe) by an independent expert panel. By engineering plant-based products using safe and sustainable ingredients, Amyris continues to disrupt markets. Its No Compromise™ approach guarantees that everything Amyris makes is sustainable with high levels of purity, performs better and is available at a lower cost compared to ingredients made with petrochemicals and absent of agrichemical residues as well.
Amyris is the integrated renewable products company that is enabling the world’s leading brands to achieve sustainable growth. Amyris applies its innovative bioscience solutions to convert plant sugars into hydrocarbon molecules and produce specialty ingredients and consumer products. The company is delivering its No Compromise™ products and services across a number of markets, including specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals. More information about the company is available at www.amyris.com.
About Camil Alimentos
One of the largest trading companies in Latin America, Camil Alimentos began its trajectory in the national market in 1963 as a cooperative of rice producers. Currently, the company has operations in Brazil, Chile, Peru and Uruguay, it exports to more than 50 countries.
The Camil Alimentos portfolio diversification process began in 1987 when the company started marketing beans. Currently, the company has market and top of mind brands in its categories: União, Camil (grains) and Coqueiro (fish).
With a business strategy based on portfolio diversification, product innovation, acquisitions and expansion to foreign markets, Camil Alimentos is today the leader in the processing and marketing of rice in Brazil, Chile, Uruguay and Peru.
This release contains forward-looking statements, and any statements other than statements of historical fact could be deemed to be forward-looking statements. These forward-looking statements include, among other things, statements regarding future events, such as expectations regarding Amyris’s supply of its new sweetener product and Amyris becoming a leader in the Brazil zero calorie sweetener market. These statements are based on management's current expectations and actual results and future events may differ materially due to risks and uncertainties, including risks related to Amyris's liquidity and ability to fund operating and capital expenses, potential delays or failures in development, production and commercialization of products, risks related to Amyris's reliance on third parties, and other risks detailed from time to time in filings Amyris makes with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Amyris disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise.
Amyris, the Amyris logo and No Compromise are trademarks or registered trademarks of Amyris, Inc. in the U.S. and other countries. All other trademarks are the property of their respective owners.
Director, Investor Relations and Corporate Communications
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