BASF Acquires Enzyme Company
BASF acquires Verenium, a San Diego-based enzyme supplier.
BASF Acquires Enzyme Company 10-16-2013 BASF Corp. (Los Angeles) has acquired enzyme specialist Verenium (San Diego) to the tune of $62 million. The acquisition is expected to strengthen BASF’s position in the growing global enzyme market.
BASF purchased shares in Verenium at $4 each, an estimated 56% premium over the average share price recorded six months prior to the transaction. The transaction is expected to close once BASF can secure a majority of the remaining outstanding shares. In 2012, Verenium made $57 in revenue.
The Nutritional Outlook Podcast Episode 35: Prioritizing Women's Health Research and Innovation
October 28th 2024On this month's episode of the Nutritional Outlook Podcast, Cepham's founder and president, Anand Swaroop, discusses the company's recent announcement to prioritize women's health research and innovation.
The Nutritional Outlook Podcast Episode 34: Demystifying Prebiotics and Postbiotics
September 30th 2024In this episode of the Nutritional Outlook Podcast we are looking back on a webcast Nutritional Outlook hosted in May, called “Demystifying the Prebiotic and Postbiotic Markets.” During that event, Sandra Saville, director of education and communication for the International Probiotics Association and Dr. Jessica A. Younes, scientific director of the International Probiotics Association debunked myths about prebiotic and postbiotics, and defined the respective categories to help manufacturers better understand how to responsibly formulate and market prebiotic and postbiotic products.
