31 Januar 2013

Novozymes acquires Iogen Bio-Products for up to $79.9M

Iogen Corporation to focus on process technology, cellulosic ethanol in Brazil

In Canada, Iogen Corporation announced today that Danish enzyme manufacturer Novozymes will acquire its wholly owned industrial enzyme business, Iogen Bio-Products, for a purchase price of $67.45 million and potential earn-out payments up to $12.5 million. The deal provides Novozymes with all commercial rights to Iogen Bio-Products’ existing product portfolio, pipeline, facilities and know-how.

Iogen Bio-Products, which entered the industrial enzyme industry in 1991, produces and sells enzymes for the pulp & paper, textile, grain-processing and animal feed industries. The company has close to 70 employees and sells more than 20 products globally.

… Full text: www.biofuelsdigest.com/biobased/2013/01/31/novozymes-acquires-iogen-bio-products-for-up-to-79-9m/

Tags: A-list, transaction, enzymes business, Brazil,

Source: BiobasedDigest, 2013-01-31.

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