DGAP-News BRAIN Biotech AG expands stake in successful enzyme producer Biocatalysts Ltd.
DGAP-News: BRAIN Biotech AG / Key word(s): Investment
Zwingenberg, Germany, May 12, 2021
- BRAIN has acquired additional shares in Biocatalysts Ltd.
- Biocatalysts strong business trend
- Planned additional capacity expansion now targeted earlier
BRAIN Biotech AG has expanded its shareholdings in the successful enzyme producer Biocatalysts Ltd., Wales, to 82.2% by the purchase of additional shares from minority shareholders. Due to the strong business performance at Biocatalysts Ltd. current production capacity will be fully utilised although only coming on stream in early 2021. The 2nd phase of expansion is planned to be accelerated as a result.
BRAIN Biotech AG has purchased an additional 16.7% in Biocatalysts Ltd. as two minority shareholders have exercised their put option rights. BRAIN now holds a total of 82.2% (previously 65.55%) in the daughter company. The purchase price was GBP 3.9 million.
Biocatalysts is a global biotechnology company producing speciality enzymes at commercial scales for a variety of industries, including food, flavour, life science, and pharma. Biocatalysts offers both off-the-shelf enzyme products as well as customised enzyme discovery, development and manufacturing service. The company has grown strongly over the last years and the business generates solid profitability. In recent years, BRAIN has invested into the large scale fermentation capacities at Biocatalysts to pave the way for future growth and even stronger profitability. The business has demonstrated strength throughout the Corona pandemic and Brexit.