M&A Deal Summary

Kemin Industries Acquires Algal Scientific - Unique Beta-Glucan Technology

On March 28, 2017, Kemin Industries acquired life science company Algal Scientific - Unique Beta-Glucan Technology from Algal Scientific

Acquisition Highlights
  • This is Kemin Industries’ 1st transaction in the Life Science sector.
  • This is Kemin Industries’ 1st transaction in the United States.
  • This is Kemin Industries’ 1st transaction in Michigan.

M&A Deal Summary
Date 2017-03-28
Target Algal Scientific - Unique Beta-Glucan Technology
Sector Life Science
Buyer(s) Kemin Industries
Sellers(s) Algal Scientific
Deal Type Divestiture

Target

Algal Scientific - Unique Beta-Glucan Technology

Plymouth, Michigan, United States
Algal Scientific Corp. - Unique Beta-Glucan Technology is a provider of an antibiotic alternative portfolio for animals, and offer important scientific advancements for humans and pets.

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Buyer(S) 1

Buyer

Kemin Industries

Des Moines, Iowa, United States
Category Company
Sector Life Science
Employees2,000
DESCRIPTION

Kemin Industries, Inc. is a global nutritional ingredient company that uses science to create solutions and products. The company provides over 500 specialty ingredients are made for humans and animals in the global feed and food industries, as well as the health, nutrition and beauty markets. Kemin has more than 2,000 global employees and operates in 90 countries including manufacturing facilities in Belgium, Brazil, China, India, Italy, Singapore, South Africa and the United States.

DEAL STATS #
Overall 1 of 7
Sector (Life Science) 1 of 4
Type (Divestiture) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 5
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Agri-Marketing

Mont-Saint-Hilaire, Quebec, Canada

Agri-Marketing Corp. is an exclusive distribution and manufacturing services for Kemin products in Canada.

Buy -

Seller(S) 1

SELLER

Algal Scientific

Plymouth, Michigan, United States
Category Company
Sector Life Science
DESCRIPTION

Algal Scientific Corp. is focuses on solutions for animal and human nutrition using a unique algae production system. This technology produces highly concentrated products to support gut health in both animals and humans. These products are available for sale in many regions globally, and Kemin will work to expand product registrations immediately.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
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