Enmex SA de CV

Kerry Group plc ("Kerry"), the global taste & nutrition company, announces it has entered into a definitive agreement to acquire part of the global lactase enzyme business of Chr. Hansen Holding A/S (“Chr. Hansen”) and Novozymes A/S (“Novozymes”) (together the “Lactase Enzymes Business”) on a carve out basis. This acquisition is subject to European Commission approval of Kerry as a buyer and forms part of the Novozymes and Chr. Hansen merger approval process. The Lactase Enzymes Business which includes NOLA® Products, further enhances Kerry’s biotechnology solutions capability following the acquisitions of c-LEcta and Enmex. This acquisition adds enzyme technology which helps create lactose-free and sugar reduced dairy products, while preserving their authentic clean taste. Global demand for lactase is being driven by increased awareness of lactose intolerance, while many consumers are also choosing lactose-free for lifestyle and health reasons. The Lactase Enzymes Business had attributable revenue of approximately €40m in 2022 with sales in over 50 countries. Total consideration is €150m subject to routine closing adjustments, with the acquisition expected to close in the first half of 2024.

The two biotechnology acquisitions will expand its expertise, technology portfolio and production proficiency, said the Tralee, Ireland headquartered group. Kerry is paying out nearly €200m in total on the deals, with it set to acquire about 92% of the issued share capital of c-LEcta for €137m (US$155.5m). The management of that biotech firm will retain the balance of the share capital. Enmex was acquired by Kerry in December 2021 for €62m. Founded in 1972, it is an enzyme manufacturer, supplying multiple bio-process solutions for food, beverage, and animal nutrition markets. The Mexican company has a long history of partnering with global customers. Kerry said Enmex’s complementary enzyme portfolio and strong manufacturing infrastructure will extend the group’s fermentation and enzyme manufacturing capabilities into Latin America. Regarding the acquisition of Enmex, Neil Cracknell, CEO of Kerry Applied Health and Nutrition, said: Enmex’s animal nutrition orientated portfolio includes, among others, a xylanase that is designed to hydrolyze non-starch polysaccharides, to maximize the nutrient availability of cereals with a high fiber content, with the aim of improving the digestibility of monogastric diets, and a bacterial protease that is able to withstand high temperatures such as those linked to the feed pelleting process. Based in Leipzig, Germany, and employing over 100 people, c-LEcta specializes in precision fermentation, optimized bioprocessing and biotransformation for the creation of high-value targeted enzymes and ingredients. It serves the feed, food and beverage markets as well as the pharmaceutical sector. c-LEcta’s portfolio includes a nuclease product - a genetically engineered enzyme from, produced by a patented process based on GRAS Bacillus sp. strain. In the food or feed sector, according to the producer, its applications are manifold

Summary The global Dairy Enzymes market will reach xxx Million USD in 2019 with CAGR xx% 20192024. The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc. Based on products type, the report describes major products type share of regional market. Products mentioned as follows: Lactase Chymosin Microbial Rennet Lipase Others Leading vendors in the market are included based on profile, business performance etc. Vendors mentioned as follows: CHR. Hansen Dowdupont DSM Kerry Group Novozymes Advanced Enzymes Technologies Amano Enzyme Connell Bros. Biocatalysts SternEnzym Enmex Fytozimus Biotech Based on Application, the report describes major application share of regional market. Application mentioned as follows: Milk Cheese ICE Cream Desserts Yogurt Whey Infant Formula Others Based on region, the report describes major regions market by products and application. Regions mentioned as follows: AsiaPacific North America Europe South America Middle East Africa