Evonik, operating in specialty chemicals acquired probiotic business of the Norel S.A, a manufacturer and supplier of the animal feed ingredients in an undisclosed amount. As a part of agreement, the company acquired probiotic business, along with the site located in the León, Spain. This acquisition complements the preexisting product portfolio of the Evonik’s Animal Nutrition Business.
Evonik is focusing towards expanding the healthy solutions involved in the animal nutrition in order to offer antibiotic-free livestock management. Also, the probiotic acts as a crucial factor in the minimizing the use of antibiotics.
Evonik, a company that produces specialty chemicals with strong foothold in more than 100 countries across the globe is planning to focus towards improving the gut health solutions. The company is based in Essen, Germany with more than 30,000 employees. Evonik in 2015, generated annual sales of €13.5 billion and an operating profit (adjusted EBITDA) of €2.46 billion. NOREL operates throughout the globe through development, manufacturing & distributing additives and raw materials for animal nutrition. NOREL is the Spain based company and was established in 1982 with geographical presence over 70 countries.