M&A Deal Summary

Kemin Industries Acquires Proteus Industries

On April 5, 2021, Kemin Industries acquired food company Proteus Industries

Acquisition Highlights
  • This is Kemin Industries’ 1st transaction in the Food sector.
  • This is Kemin Industries’ 3rd transaction in the United States.
  • This is Kemin Industries’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-04-05
Target Proteus Industries
Sector Food
Buyer(s) Kemin Industries
Deal Type Add-on Acquisition

Target

Proteus Industries

Gloucester, Massachusetts, United States
Proteus Industries is a privately owned food technology and ingredient company that created, developed, and patented novel clean-label protein ingredients and applications to improve yield, nutrition, and quality in a variety of meat and poultry and protein-based applications. Proteus Industries was formed in 2001 and is based in Gloucester, Massachusetts.

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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 5 of 7
Sector (Food) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Massachusetts) 1 of 1
Country (United States) 3 of 5
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 Kemin Industries - Sustainable Ingredients

Iowa, United States

Kemin Industries, Inc. - Sustainable Ingredients comprises three personal care ingredients and related intellectual property.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Bio-Cide International

Norman, Oklahoma, United States

Bio-Cide International is a multi-specialty source of chlorine dioxide-based antimicrobial technology. The company has pioneered processes that have revolutionized disinfection and sanitation practices around the globe. From food safety to hydraulic fracturing, Bio-Cide International has been the leader in stabilized chlorine dioxide and acidified sodium chlorite applications. Sanitation of food and equipment are the major sectors of Bio-Cide International's business. Microbial protection of red meat, seafood, fruits, and vegetables are the key areas of growth where we help our customers with regulatory compliance, HACCP implementation, and other food safety and biosecurity issues. Bio-Cide International is based in Norman, Oklahoma.

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