Hygiena (a Warburg Pincus portofolio company) will acquire DuPont’s global food safety diagnostics business.
“The combination of DuPont Diagnostics and Hygiena will create a broad food safety diagnostics company that can better serve our customers,” said Steve Nason, chief executive officer of Hygiena. According to a press release issued by DuPont, the acquisition includes all of DuPont Diagnostics business assets, including the BAX® and RiboPrinter® Systems and associated test kits; a global sales, R&D and manufacturing organization, with in-house production capacity.
The transaction is expected to close in the first quarter of 2017; financial terms of the agreement were not disclosed.
DuPont Diagnostics provides science-based microbial detection and monitoring products that identify and characterize pathogens and other unwelcome organisms in food ingredients, finished products and production environments. The sale will allow DuPont Nutrition & Health to “focus on growth opportunities that are more closely aligned with our core portfolio of specialty food ingredients,” according to a statement by Matthias Heinzel, DuPont Nutrition & Health president.
In 2016, Hygiena received an investment from Warburg Pincus to help further its mission.