BASF Enters Food and Flavors Market With Isobionics Acquisition

Date : 09/26/2019 @ 2:40PM
Source : Dow Jones News
Stock : BASF AG (BAS)
Quote : 41.085  -1.99 (-4.62%) @ 4:35PM
BASF share price Chart

BASF Enters Food and Flavors Market With Isobionics Acquisition

BASF (XE:BAS)
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By Carlo Martuscelli

 

BASF SE (BAS.XE) said Thursday that it acquired Dutch natural flavors company Isobionics for an unspecified amount in order to establish itself in the food and flavors market.

In addition to the acquisition, BASF also said it has signed a collaboration agreement with Conagen. The deal will allow it to supply natural vanillin, a high-demand aroma ingredient.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

September 26, 2019 09:25 ET (13:25 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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