Mergers and Acquisitions

Martek completes acquisition of South Carolina company

Published in Drug Week, October 10th, 2003

Martek Biosciences Corp. (MATK) announced that it has completed its planned acquisition of certain of the assets and assumption of certain of the liabilities of FermPro Manufacturing, L.P., of Kingstree, South Carolina.

Martek Biosciences Kingstree Corp. has been formed as a wholly owned subsidiary of Martek Biosciences Corp. for the purpose of holding such assets and liabilities of FermPro.

"The addition of Martek Kingstree and its experienced workforce will add significant growth potential to the company's future production capacity," stated Henry "Pete" Linsert, Jr., chairman and CEO of Martek.

The purchase price of the assets...

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Source: Drug Week (2003-10-10)

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