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People & Business :: M&A
Novozymes completes acquisition of Iogen’s industrial enzyme business
7:06 AM MST | February 25, 2013 | Deepti Ramesh
Novozymes and Iogen (Ottawa, ON) say that the previously announced acquisition of Iogen Bio-Products, the industrial enzyme business of Iogen, by Novozymes has been completed. It was announced on 31 January that Novozymes would acquire Iogen Bio-Products for C$67.5 million ($66 million) and potential earn-out payments of up to C$12.5 million. The closing conditions for the transaction have been met, and the acquisition has been completed, the companies say. Iogen Bio-Products, which entered the industrial enzyme industry in 1991, produces and sells enzymes for...
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