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Business
Dupont Buys Dyadic’s Enzyme Technology
by Melody M. Bomgardner
November 16, 2015
| A version of this story appeared in
Volume 93, Issue 45
DuPont Industrial Biosciences has agreed to buy Dyadic International’s industrial enzymes business for $75 million. Dyadic was founded in 1979 by Mark Emalfarb, now CEO. It started in the enzyme business by supplying cellulases and pumice stones for making stonewashed denim. It has since developed a fungal production platform to make industrial enzymes used in the biofuels, biobased chemicals, food, and animal health industries. In 2014, the company had revenues of $12.5 million and a loss from operations of $5.3 million. DuPont will also acquire Dyadic’s Netherlands research and development lab.
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