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Mergers & Acquisitions
Kerry to buy enzyme companies c-LEcta and Enmex
by Michael McCoy
February 20, 2022
| A version of this story appeared in
Volume 100, Issue 7
The food ingredients company Kerry Group has agreed to acquire c-LEcta, a German enzyme developer, and has disclosed the purchase of Enmex, a Mexican enzyme manufacturer. Kerry will spend $156 million for a 92% stake in c-LEcta; it spent $70 million in December to buy Enmex. Kerry says the deals will expand its ability to create enzymes and other fermentation-based products for food and drug markets. Kerry bought Niacet, a US maker of propionate and acetate food preservatives, last year for about $1 billion.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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