Chr. Hansen: acquisition in Germany
(CercleFinance.com) - Chr.
Hansen announced on Tuesday that it has agreed to acquire Jennewein, a specialist in human milk oligosaccharides, from Germany, with a view to strengthening its microbial products and fermented drink businesses.
Jennewein, which employs around 100 people in Bonn, is specialised in complex oligosaccharides, including human milk oligosaccharides (OLH), which closely mimic the composition of human breast milk.
Chr. Hansen estimates that the OLH market will exceed 400 million euros by 2025, before eventually reaching the one billion euro mark.
The Danish manufacturer of ingredients, enzymes and probiotics for the food industry did not provide the financial terms of the deal.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Hansen announced on Tuesday that it has agreed to acquire Jennewein, a specialist in human milk oligosaccharides, from Germany, with a view to strengthening its microbial products and fermented drink businesses.
Jennewein, which employs around 100 people in Bonn, is specialised in complex oligosaccharides, including human milk oligosaccharides (OLH), which closely mimic the composition of human breast milk.
Chr. Hansen estimates that the OLH market will exceed 400 million euros by 2025, before eventually reaching the one billion euro mark.
The Danish manufacturer of ingredients, enzymes and probiotics for the food industry did not provide the financial terms of the deal.
Copyright (c) 2020 CercleFinance.com. All rights reserved.