DowDuPont forms $6.2 billion Nutrition & Biosciences division

Nutrition & Biosciences President Matthias Heinzel
Nutrition & Biosciences President Matthias Heinzel.

DowDuPont Specialty Products Division is combining the Nutrition & Health and Industrial Biosciences divisions right into a $6.2 billion enterprise division referred to as Nutrition & Biosciences.

The mixed division will concentrate on specialty food elements, dietary dietary supplements, pharma excipients, family and private care, animal nutrition and biotechnology fields.

“Both DuPont Nutrition & Health and Industrial Biosciences are known for their innovations and strong scientific approach,” stated Nutrition & Biosciences President Matthias Heinzel. “Combining the two businesses is a step to further accelerate growth and innovation while better providing customers across our industries with innovative, healthy, safe and sustainable solutions.”

The firm famous that the mixed division will profit from complementary experience and expertise within the areas of food enzyme manufacturing, human and animal microbiome science, bioprocess engineering and R&D. Moreover, a brand new enterprise construction will guarantee a extra focused go-to-market technique.

Nutrition & Biosciences shall be headquartered in Copenhagen, Denmark. Following the merger, the division reported 2018 income of $6.2 billion, with over 10,000 staff, 70 manufacturing websites and 25 innovation facilities throughout the globe.

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