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Evonik Industries has submitted a bid to acquire the methionine fermentation technology of French biotech Metabolic Explorer, with the price reportedly at least half of that company's roughly $63 million market value. Global methionine sales exceed $3 billion annually, and most animal-feed amino acids other than methionine are made by fermentation.
A potential shift to fermentation-based methionine production could eventually change the cost structure and supply base of a major feed amino acid, but the deal is at bid stage and has no near-term price impact.
cen.acs.orgMichael McCoyNov 14, 2016
doi.orgMichael McCoyNov 14, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
