# Evonik plans to buy Metabolic Explorer's methionine technology

> Evonik submitted a binding offer on October 27, 2016 for METEX's entire methionine technology platform. The METEX board agreed on November 3 to consider the offer and begin a consultation with its Workers Council, which may take 15 to 60 days. The technology covers patents, essential bacteria strains and the inoLa brand.

- Date: 2016-11-15 · published 2016-11-15T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/74172-evonik-plans-to-buy-metabolic-explorer-s-methionine-technology
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

The pending deal could bring fermentation-based methionine into Evonik's portfolio, which may add competitive supply over time. The consultation period means no immediate price effect.

## Read by commodity

- METH: neutral

## Sources

- business-standard.com: https://www.business-standard.com/content/b2b-chemicals/evonik-plans-to-buy-metabolic-explorer-s-methionine-technology-116111500398_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.