December 3, 2014

Evolva buys Allylix

I can't believe it is already almost the end of the year! The blog is grateful for celebrating its 7th year last November and thank you for those who continue to follow it.

Let me start the month of December with this news from Switzerland-based Evolva acquiring California-based Allylix. It has been in October 2012 since I last reported about Allylix, which focuses its R&D on fermentation-based flavors and fragrance ingredients. Evolva will acquire Allylix in return for an overall consideration of 46 million newly-issued Evolva shares. Cargill, Evolva's partner on its stevia program, will invest $4 million in Evolva shares in support of the transaction. The transaction is expected to close by mid-December 2014.

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