Jennewein Biotechnologie GmbH and Chr. Hansen A/S to join forces in high-growth Human Milk Oligosaccharides market
PR85734
RHEINBREITBACH and BONN, Germany, Sept. 22, 2020 /PRNewswire=KYODO JBN/ --
Jennewein Biotechnologie GmbH agreed to join forces with Chr. Hansen Holding
A/S, a leading bioscience company based in Hoersholm/Denmark, to lead the
global market for human milk oligosaccharides (HMOs). Chr. Hansen entered into
an agreement to acquire all shares in Jennewein Biotechnologie, the innovation
and market leader in this high-growth market. Chr. Hansen plans to invest more
than 200 million Euros until 2025 in new production assets so as to meet the
increasing demand for HMOs.
HMOs are complex carbohydrate structures found in human breast milk. HMOs are
used today as functional food ingredients primarily in infant nutrition and
medical nutrition. The functional health benefits of HMOs such as prebiotic
effects, reducing infection risk as well as supporting cognitive development
are also expected to be of high interest in further food markets. Jennewein
Biotechnologie has been the first to commercially produce HMOs by fermentation
and commercialize these functional carbohydrates in key markets. Jennewein
Biotechnologie has build an unrivaled IP portfolio with more than 200 patents
granted, a global customer base, a comprehensive product portfolio and strong
product pipeline over the past 15 years.
The founders and CEOs of Jennewein Biotechnologie, Dr. Stefan Jennewein and Dr.
Klaus Jennewein point out: "This partnership will further strengthen the
position of Jennewein Biotechnologie in this highly attractive growth market.
Chr. Hansen and Jennewein Biotechnologie are a perfect fit with regards to
culture, production technology, as well as product portfolio."
"I am truly excited that we have reached an agreement to acquire Jennewein. The
fast-growing HMO market is a new area that we have been following with strong
interest for some years. In truth we are making a long-term investment and
commitment to HMOs, which I am convinced will bring long-term value creation to
our shareholders. HMOs also fit perfectly with our purpose to 'Grow a better
world naturally,' as these are some of nature's most intricate nutritional
components," says Mauricio Graber, CEO of Chr. Hansen.
"With Chr. Hansen as the new owner, Jennewein Biotechnologie is ideally
positioned for future growth and expansion. As a partner to Jennewein from the
very beginning and long-time investor we are proud to have been part in this
success story," states Dr. Erik Hoppe, CEO of Bioventure and Lead Investor of
Jennewein Biotechnologie.
Dr. Stefan Jennewein will take the role of Chief Science and Technology Advisor
and Dr. Klaus Jennewein will retire from the company.
UBS acted as financial adviser and Hogan Lovells as legal adviser to Jennewein
Biotechnologie and Bioventure on this transaction.
About Jennewein Biotechnologie GmbH
Jennewein Biotechnologie is a leading international industrial biotechnology
company with a range of products in the field of human milk oligosaccharides
(HMOs) and rare monosaccharides such as L-Fucose and Sialic acid. The company
manufactures an extensive portfolio of innovative HMO products, such as
2′ fucosyllactose, 3′-fucosyllactose, Lacto-N-neotetraose, and
lacto-N-tetraose. These rare sugars are used in the food industry (particularly
infant milk formulas), the pharmaceutical industry, and the cosmetic industry.
Jennewein Biotechnologie GmbH was founded in 2005 in Bonn and is headquartered
in Rheinbreitbach (Rheinland-Pfalz).
About Chr. Hansen
Chr. Hansen is a leading, global bioscience company that develops natural
ingredient solutions for the food, nutritional, pharmaceutical and agricultural
industries. We develop and produce cultures, enzymes, probiotics and natural
colors for a rich variety of foods, confectionery, beverages, dietary
supplements and even animal feed and plant protection. Our product innovation
is based on around 40,000 microbial strains – we like to refer to them as 'good
bacteria'. Our solutions enable food manufacturers to produce more with less –
while also reducing the use of chemicals and other synthetic additives – which
make our products highly relevant in today's world. Sustainability is an
integral part of Chr. Hansen's vision to improve food and health. In 2019 Chr.
Hansen was ranked as the world's most sustainable company by Corporate Knights
thanks to our strong sustainability efforts and our many collaborative
partnerships with our customers. We have been delivering value to our partners
– and, ultimately, end consumers worldwide – for over 140 years. We are proud
that more than one billion people consume products containing our natural
ingredients every day.
For further information please contact:
Bettina Gutiérrez, Press and Public Relations Jennewein Biotechnologie GmbH,
Tel:+ 49 2224 98810797
Martin Riise, Head of Investor Relations Chr. Hansen Holding S/A, Tel: +45 5339 2250
Annika Stern, Investor Relations Officer Chr. Hansen Holding S/A, Tel: +45 2399 2382
Camilla Lercke, Head of Media Relations Chr. Hansen Holding S/A, Tel: +45 5339 2384
Source: Jennewein Biotechnologie GmbH
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