A NEW AMINO GmbH EMERGES
Leveraged Management
Buyout Keys Critical Restructuring
FRELLSTEDT,
GERMANY (November 22, 2006) –
A new AMINO has emerged with the completion
of a leveraged management buyout of the
amino acids business of AMINO GmbH. And
now the company’s vision of becoming
a leading supplier of specialty amino
acids to the global marketplace is powered
by the determination of its new management
team.
Under the terms of the buyout, the new
AMINO team, led by managing director Dr.
Lutz Thomas and supported by new private
investors, acquires the amino acids business
together with the main assets of the former
AMINO GmbH. These include its production
site in Frellstedt and the jobs at this
location, thus making the new AMINO one
of the few amino acid manufacturers in
Europe. In addition, the new company retains
the AMINO name.
The buyout followed several months of
extensive negotiations, culminating in
the decision in favor of the management-led
restructuring aimed at maintaining the
long-term strategy and unique position
of AMINO in the amino acids marketplace,
with its ability to supply the highest-quality
products using the best extraction and
purification technology or state-of-the-art
fermentation technology as appropriate.
“We are back to focusing on our
core business and more determined than
ever before to become a leading supplier
of specialty amino acids, thus bringing
to reality the vision we began to develop
through AmBio, a strategic alliance with
our partners,” noted Dr. Thomas.
AMINO will focus completely on pharma-
and infusion-grade amino acids produced
under strict cGMP standards and developed
from both extraction (concentrating on
vegetable raw materials) technology and
modern biotechnology/fermentation. The
product line will include not only traditional
products such as L-leucine, L-tyrosine,
betaine pharma-grade (including betaine
anhydrous, betaine HCI and betaine monohydrate),
but also new amino acids from fermentation,
including L-isoleucine, L-valine and L-threonine.
In addition, the company will launch L-serine
and L-phenylalanine in early 2007.
“It’s been a long time coming,”
noted Dr. Thomas. “But AMINO is
back. And we’ll be stronger than
ever.”
Client: AMINO
Contact: Christian Fernandez
(973) 912-4400