Novozymes acquires Natural Industries Inc.
Novozymes has signed a definitive agreement to acquire Natural Industries Inc. based in Houston, Texas. U.S. Natural Industries Inc. has annual revenues of $5 million and is a bioagricultural company.
Biological technologies are natural solutions with multiple modes of action. They are used to improve plant health and growth or combat diseases across various broad-acre crops such as corn and soy and high-value crops such as salads, strawberries and nuts.
“Founded in 1992 and with 24 talented employees, Natural Industries Inc. brings a wealth of knowledge in the biocontrol area. The company has a proven portfolio of products, new pipeline opportunities and good market coverage for high-value crops in key regions of the U.S. The acquisition is a good example of how we can grow and utilize our platform and leading position in this area as well as accelerate innovation,” said Videbæk.
“Novozymes has long-term ambitions to be a key player in this market. With our platform today, our expertise within bioinnovation and R&D, we expect to continue to play a leading role in growing the bioagriculture market,” he added.
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