Evonik signed a purchase agreement on July 4 to acquire the probiotics business of NOREL, a global supplier of animal feed ingredients based in Madrid, Spain.
The agreement sees Evonik acquiring NOREL’s probiotics product portfolio as well as the company’s site in León, Spain. The business will be integrated into Evonik’s Animal Nutrition Business Line. The parties have agreed not to disclose details of the transaction.
NOREL will continue to offer its other product lines an
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