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Charlotte, NC; April 29, 2015 — DecisionPoint, a leader in M&A advisory services for middle-market technology companies, announced today that its client, Colorado-based OPX Biotechnologies, a leader in proprietary fermentation-based processes and systems, has been acquired by Cargill, one of the largest private companies in the world providing food, agriculture, financial and industrial products and services. These technologies are used to produce bio-based chemicals from sugars for use in non-food applications such as lubricants, detergents, plastics, agrichemicals and personal care products.
Cargill is already a large supplier of carbohydrates and other biotech offerings. This acquisition further expands its presence in commercial fermentation products outside of food and feed.
“Our customers that make products in any of these categories will benefit from this technology acquisition because it will enable us to produce more and better solutions for them than they can get from any other company,” said Cargill Corn Milling vice president, Brian Silvey. “It will also make bio-based products with extensive functionality more readily available than ingredients produced using petroleum-based or tropical oils.”
OPXBIO will support the transition to Cargill over the coming months.
“This sale of OPXBIO’s technology to Cargill demonstrates the great progress OPXBIO has made towards product commercialization,” said Mike Rosenberg, CEO of OPXBIO. “Cargill has all the right capabilities and experience to deliver products produced from OPXBIO’s technology to customers.”
About OPXBIO
OPX Biotechnologies (OPXBIO) is a leader in sustainably transforming the business of chemistry. As the “Good Chemistry” company, OPXBIO provides more sustainable value to customers by applying its proprietary EDGE™ (Efficiency Directed Genome Engineering) technology to produce economic, bio-based chemicals. OPXBIO’s EDGE is versatile and enables faster, more efficient development of bioprocesses using a variety of feedstocks. For more information, visitwww.opxbio.com.
About Cargill
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, Cargill helps people thrive by applying their insights and 150 years of experience. Cargill has 152,000 employees in 67 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where they live and work. For more information, visit www.cargill.com and their News Center.
About DecisionPoint
DecisionPoint is a unique leader in M&A advisory services for middle-market technology companies and their venture capital investors in the software, services, cleantech, biotech, healthcare IT and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Andy Agrawal, Managing Partner; (704) 943-5250; aagrawal@decisionpointint.com.