Greentech adds to 'biotics portfolio with Solactis stake : vimarsana.com

Greentech adds to 'biotics portfolio with Solactis stake


French biotechnology firm, The Greentech Group has taken a majority stake in the Solactis Group, a specialist in microbiota-based food ingredients in a deal that looks to extend on current prebiotic and probiotic-related offerings.
While financial terms of the deal were not disclosed, the two firms revealed their intention to keep Solactis’ food R&D laboratory in Jouy-en-Josas, located on the outskirts of Paris.
Further plans will see Solactis’ head-office relocated to Saint Beauzire with no staff reduction and plans in place to increase staff numbers in key areas like R&D and sales.
Going forwards, the Solacatis Group will be known as Solactis Food and Feed Ingredients.

Related Keywords

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