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Evonik agreed to acquire METEX's methionine technology package for a total consideration of 45 million euros, including a two-year transfer service agreement. The package covers fermentation methionine technology, patents, bacteria strains and the inoLa brand.
Evonik said the deal will strengthen its amino acid biotechnology platform.
The 45 million euro price sets a value for fermentation methionine know-how, and the technology could add alternative supply over time. Feed buyers should watch for any commercial rollout.
feedstuffs.comNov 29, 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.
