Biological technologies developer EnviroZyme® announced that it is acquiring wastewater business assets from Novozymes, a global biotechnology company.
EnviroZyme is a top provider of bacteria-based treatment solutions for a variety of environmental, water, and waste treatment applications, complete with downstream packaging solutions and fermentation capabilities. Novozymes is a provider of enzyme and microbial technologies to improve industrial performance while preserving natural resources.
The acquisition of Novozymes’ wastewater business unit will help enhance EnviroZyme’s bioaugmented solutions for water resource recovery.
“Novozymes has an outstanding portfolio of wastewater customers and product solutions that complements the existing EnviroZyme business and facilitates access into new markets globally,” says Toby Jercovich, chief financial officer of EnviroZyme. “This acquisition will allow us to immediately fulfill a strategic growth initiative and provides a significant opportunity for long-term, accretive earnings.”
EnviroZyme says that, with each party’s deep geographical reach, the combined business will capture a large market share in the rapidly expanding water and environmental technologies space. The transaction will also broaden the products, services, and expertise offered by EnviroZyme, serving to further strengthen and differentiate its overall wastewater platform.
