Indiana-based Elanco Animal Health – a division of Eli Lilly – has announced it is acquiring ChemGen Corporation – a privately held company specializing in food enzyme products for poultry, egg and meat production.
Elanco president Jeff Simmons – at the International Poultry Expo in Atlanta – told reporters (Tuesday) there’s a synergy between the two companies that will help them both help feed the world…
“They have a lot of expertise in Asia and North America. We do in Latin America and Europe. We’ve got a lot of focus and efforts being done in ruminants – in cattle, dairy and beef and they have in pigs and poultry, so we see a species synergy as well.”
ChemGen’s Terre Haute, Indiana manufacturing facility and its headquarters in Gaithersburg, Maryland will remain in place.
Simmons says the acquisition will help meet the growing demand for food, calling that “one of the most critical issues of our time.”
AUDIO: Jeff Simmons (21:00 mp3)
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