Biochem and BASF Announce Agreement for Biochem’s Acquisition of BASF's Global Glycinate Business
Biochem, an innovative animal nutrition company specializing in feed additives and dietary supplements, and BASF have entered into a binding agreement on Biochem’s acquisition of BASF's global glycinate business. This strategic acquisition reinforces Biochem's role as a pioneer in high-performance organic trace minerals (OTMs) since 1992 and broadens its global market presence. By acquiring this business, Biochem gains enhanced market access and a well-established network of distribution partners from BASF, guaranteeing a seamless transition for all customers worldwide. Following BASF’s recent announcement to explore strategic options for its feed enzyme business, for BASF, this divestiture represents another step in refining the portfolio toward core ingredients for human and animal nutrition. While the review of strategic options for the feed enzyme business is still underway, the company remains fully committed to supporting customers and advancing the business driving growt...