Page 23 - HPIC-Magazine (Feb-2021)

News from Abroad News from Abroad

NATURAL AROMA INGREDIENTS DIVESTMENT
BASF-owned Isobionics opens new distillation plant Lonza to sell speciality ingredients business

in Netherlands to private equity firms for $4.7-bn

Isobionics, the Netherlands-based another example how we connect Swiss biopharma CDMO, Lonza, shown they Lone Star Funds, Partners Group
fermentation specialist acquired by the innovation power and scale- has announced a deal to sell its spe- understand Holding AG and Carlyle Group Inc.
BASF in 2019, has opened a new up capabilities of Isobionics and ciality ingredients business to pri- the value of There had also been interest from
distillation plant at Brightlands BASF to best serve the needs of vate equity (PE) firms – Bain Capital the experience buyout firm, Advent International,
Chemelot Campus in Geleen, Nether- our customers,” said Mr. Steffen and Cinven – for 4.2-bn Swiss Francs and expertise Germany’s Lanxess and Malaysian
lands. Götz, Head of BASF’s Aroma ($4.7-bn). of our specia- state oil producer, Petronas.
Ingredients business. lity ingredients
Isobionics’ proprietary techno- The transaction, scheduled to employees. The speciality ingredients busi-
logy for producing natural fragrance Isobionics, now a part of close in the second half of 2021, will They present- ness operates across 17 manufactur-
and flavour ingredients is based on BASF’s Aroma Ingredients busi- refocus Lonza as a pure-play partner ed the most ing sites globally and has approxi-
fermentation of renewable raw ma- ness, develops and produces in- to the healthcare industry, and the co mpellin g mately 2,800 permanent employees.
terials. Distillation is the last pro- gredients for the fragrances and cash flow from the sale will accelerate industrial strategy and vision for the The business is a leading provider
duction step, yielding natural ingre- flavours market with a focus on its strategic priorities, the company business, they are also keen to priori- of microbial control solutions for pro-
dients. citrus oil components such as va- said. tise R&D and innovation, as well as fessional hygiene and personal care
lencene and nootkatone. The com- to invest in existing facilities to un- products. It also offers the custom
“With our new distillation plant, will be already launched this year,” pany recently launched Santalol, a “The announcement is the result lock the potential of the business,” he development and manufacturing of
we can expand our business even said Mr. Toine Janssen, CEO of Iso- close alternative to sandalwood oil, of a comprehensive and robust se- added. speciality chemicals and composites
faster and serve the needs of our cus- bionics. the starting material for which is lection process,” Lonza’s Chairman, to support the electronics, aero-
tomers. We have many new ingredi- corn starch obtained from corn grown Mr. Albert M. Baehny said in a state- A host of PE firms were reported space, food and agrochemical indus-
ents in development, some of them “The new distillation plant is in Europe. ment. “Bain Capital and Cinven have to be pursuing the unit, including tries.

RECOGNITION SPECIALITY CHEMICALS
Croda is once again the ‘most admired company’ Lanxess announces acquisition of Emerald Kalama

in British chemical sector Chemical

UK-based speciality chemicals German speciality chemicals com- tum on our growth course. The busi- its turnover in North America. The
firm, Croda International Plc, has pany, Lanxess, has signed a binding nesses of Emerald Kalama Chemical company generates about 75% of
been voted ‘Britain’s Most Admired agreement to acquire 100% shares in are an ideal fit for us. We will further its turnover with specialties in the
Chemicals Company’ for the fourth Emerald Kalama Chemical. The US- strengthen our Consumer Protection consumer segment. These include
year running, besides being named based company is a leading manu- segment and open up new applica- preservatives for food, household
Britain’s fifth ‘Most Admired Com- facturer of speciality chemicals, espe- tion areas with strong margins, for and cosmetic applications, flavours
pany’ overall. cially for the consumer segment, and example in the food industry and and fragrances as well as products
is majority-owned by affiliates of the animal health sector. In addition, we for animal nutrition. The remaining
The results of the prestigious US private equity firm, American will also enlarge our presence in our 25% of sales come from the specia-
awards were published on 29 Janu- Securities LLC. growth region of North America. All lity chemicals business for industrial
ary 2021 in a special edition of Man- this will make us even more profit- applications, including the plastics
agement Today and are the outcome “The enterprise value of Emerald able and stable,” said Mr. Matthias and adhesives industries.
of a peer-review study of corporate Kalama Chemical amounts to $1.075- Zachert, Lanxess’ Chairman.
reputation. The awards are based bn. After deducting debt-like items, Lanxess said the acquisition will
on interviews with board directors, ries, including sustainability, quality lowed recognition from peers for its the purchase price is around $1.04- Emerald Kalama Chemical, help boost its strong position in anti-
analysts and city commentators and of management, quality of products environmental responsibility, with bn,” the company said in a press which runs production sites in microbial active ingredients and
are the largest of their kind in the and services, and leadership. the company placed fourth in this cate- note. Kalama, Washington (USA), Rotterdam preservatives, including for consumer
UK. They recognise factors critical to gory, ahead of 246 other companies (Netherlands) and Widnes (Great protection products and animal hy-
business success across 12 catego- Croda’s success in the awards fol- included in the study. “We are gaining further momen- Britain), generates around 45% of giene.
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