Add-on Acquisition • Chemicals

Sumitomo Chemical Acquires Conagen

On March 31, 2020, Sumitomo Chemical acquired chemicals company Conagen

Acquisition Context

This is Sumitomo Chemical’s 13th transaction in the Chemicals sector.
This is Sumitomo Chemical’s 5th transaction in the United States.
This is Sumitomo Chemical’s 2nd transaction in Massachusetts.

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M&A Deal Summary
Date	March 31, 2020
Target	Conagen
Sector	Chemicals
Buyer(s)	Sumitomo Chemical
Deal Type	Add-on Acquisition

Target Company

Conagen

Bedford, Massachusetts, United States

Conagen, Inc. is an accomplished biotechnology company located in the greater Boston biotech corridor. The company innovates and develops synthetic biology solutions for supporting global partners across a spectrum of current and developing markets. From its proprietary strain development to fermentation and scaling up, Conagen impacts partners’ abilities to sell and market products in the food, nutrition, flavor and fragrance, pharmaceutical, and renewable materials industries. Conagen was formed in 2010 and is based in Bedford, Massachusetts.

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