The club was founded in 1993, by the BCN bank, as BCN/Guarujá and changed headquarters' city in 1996, thereafter becoming known as BCN/Osasco.  The club was renamed to Finasa/Osasco in 2003. The club even announced it would close its adult volleyball department in April 2009, after losing the 2008-2009Superliga final. But four days later it was announced the return of the adult team, through a group of sponsors in partnership with the Prefecture of Osasco. Now, the Osasco team is sponsored by Nestlé, at first highlighting the Sollys product line. The club participated in the 2009-2010Superliga, renamed in 2009 to Sollys/Osasco. In that season, the club became champion, beating its greatest rival: the Unilever/Rio de Janeiro, and also taking the South American Club Championship.
For the 2011-2012 season of the Brazilian Superliga, the team name changed to Sollys/Nestlé, adopting the colors white, blue and orange  (and while sporting those colors the team won the 2012 FIBV Women's Club World Championship). In 2013-2014 season of the Brazilian Superliga, Nestle chose to change the product associated to the club name. Thus Sollys was replaced by Molico, and the team then became Molico/Nestlé, adopting the colors white, blue and red.