Novozymes acquires Natural Industries Inc. to strengthen position in ...

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Novozymes acquires Natural Industries Inc. to strengthen position in ...

Novozymes acquiresNatural Industries Inc. tostrengthen position inbioagricultureAcquisition expands Novozymesposition inkey high-value markets for sustainablebioagriculture solutions.COPENHAGEN, DENMARK – Nov. 28, 2012 – Novozymes, the worldleader in bioinnovation, has signed a definitive agreement to acquireNatural Industries Inc. based in Houston, USA. Natural Industries Inc. isa bioagricultural player with annual revenues of $5 million.“I am excited to have the people and technologies of Natural IndustriesInc. join our growing BioAg business. Natural Industries Inc. expandsNovozymesposition in the important biocontrol segment and improvesour capabilities to grow our business in key US markets on high-valuecrops like fruits and vegetables,” says Thomas Videbæk, Executive VicePresident of Novozymes and head of BioBusinessNatural Industries Inc. and Novozymes have agreed not to disclose thefinancial terms of the agreement. The acquisition does not impactNovozymes’ financial guidance for 2012.Stronger position in fast-growing, $1 billion marketBiological technologies are natural solutions with multiple modes ofactions. They are used to improve plant health and growth or combatdiseases across various broad acre crops such as corn and soy and highvalue crops such as salads, strawberries and nuts.The biological solutions complement the use of traditional chemicals andpesticides, which have a world market worth of $150 billion. By contrast,Page 1 of 3Novozymes · Krogshoejvej 36 · 2880 Bagsvaerd · Denmark · Tel. +45 4446 0000 · www.novozymes.com


the emerging bioagriculture market is estimated to be worth about 1$billion with an annual growth rate of 10-15%.The bioagriculture market is driven by farmers wanting to utilize potentbiological solutions to improve agricultural productivity and reduce theenvironmental impact of their operations, Thomas Videbæk explains:“By applying the right cocktail of biological technologies you can add 4-5% to crop yields. This makes it a cost effective solution for farmers tosafeguard high investments in seeds and agricultural chemicals. Also,due to increasing consumer awareness, regulations and environmentalimpact from traditional chemicals, there is growing interest in utilizingbiological solutions as an integral part of agricultural practices.”New innovation to high-value crop market“Founded in 1992 and with 24 talented employees, Natural IndustriesInc. brings a wealth of knowledge in the biocontrol area. The companyhas a proven portfolio of products, new pipeline opportunities and goodmarket coverage for high value crops in key regions of the US. Theacquisition is a good example on how we can grow and utilize ourplatform and leading position in this area as well as accelerateinnovation,” Thomas Videbæk explains and says:“Novozymes has long-term ambitions to be a key player in this market.With our platform today, our expertise within bioinnovation and R&D, weexpect to continue to play a leading role in growing the bioagriculturemarket.”vehicle thatAbout NovozymesNovozymes is the world leader in bioinnovation. Together with customers across a broadarray of industries, we create tomorrow’s industrial biosolutions, improving our customers'business and the use of our planet's resources.With over 700 products used in 130 countries, Novozymes’ bioinnovations improveindustrial performance and safeguard the world’s resources by offering superior andsustainable solutions for tomorrow’s ever-changing marketplace. Read more atwww.novozymes.com.Page 2 of 3Novozymes · Krogshoejvej 36 · 2880 Bagsvaerd · Denmark · Tel. +45 4446 0000 · www.novozymes.com


MEDIA CONTACTSEuropeRené TronborgOffice: +45 4446 2274Mobile: +45 3077 2274retr@novozymes.comChinaLian Meng/Yolanda MengLianOffice: +86 106 298 7888x392Mobile: +86 136 9923 1164mexl@novozymes.comUSPaige DonnellyOffice: +1 919 494 3209Mobile: +1 919 218 4501pagd@novozymes.comBrazilHenrique PelliniOffice: +55 41 3641 1112Mobile: +55 41 92880282hqp@novozymes.comINVESTOR CONTACTSEuropeMaarit PokkinenOffice: +45 4446 8682Mobile: +45 3077 8682mpok@novozymes.comUSThomas Steenbech BomhoffMobile: +1 919 649 2565tsbm@novozymes.comPage 3 of 3Novozymes · Krogshoejvej 36 · 2880 Bagsvaerd · Denmark · Tel. +45 4446 0000 · www.novozymes.com

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