You are on page 1of 2

AdvancedEnzymesacquires70%stakeinAPImakerJCBiotech

StrengthensleadershipinAPISerratiopeptidasewith80%+marketshare
DealalsoenablesCompanysforayintoBiopharma&AlgalDHA
ProjectedtobeEPSaccretiveinFY17
Mumbai, India: October 28, 2016 Advanced Enzyme Technologies Limited (Advanced Enzymes; NSE:
ADVENZYMES.NS; BSE:540025), a leading specialty biotech company, with global leadership in the
manufacturingofenzymes,todayannouncedthatithasenteredintodefinitiveagreementswithAPImaker
JC Biotech to acquire a 70% stake for a consideration of Rs. 50 Crores. The proposed transaction was
approvedbytheboardofAdvancedEnzymestoday.
CL.Rathi,ManagingDirector,AdvancedEnzymes,said,Weexpectthisdealtoimmediatelystrengthen
our market leadership in API Serratiopeptidase, giving us significant competitive advantage as well as
flexibility in production. JC Biotech has the ability to handle solvent based fermentation & recovery,
whichishighlycomplementarytoourcurrentproductionprocess.
Headquartered in Hyderabad, JC Biotech is the manufacturer of API Serratiopeptidase, an anti
inflammatory enzyme, and has a R&D pipeline of biopharma molecules. It also has a fairly advanced
technology for the manufacturing of algal DHA, an Omega 3 Fatty Acid which finds great application in
HumanNutrition.JCBiotechhasaproductionfacilityinAndhraPradesh,andhastheabilitytoexpandits
fermentationcapacityof60m3further.
JC Biotech currently commands a 50%+ share in the Indian market, thereby taking Advanced Enzymes
combinedmarketshareto80%+postacquisition.
Asof31stMarch2016,JCBiotechsrevenuesstoodatRs.39Crores,withaProfitAfterTax(PAT)ofRs.2.5
Crores.
TheacquisitionisexpectedtocloselatestbyendofDecember 2016.AdvancedEnzymeswillfinancethe
acquisition largely through internal accruals. Upon closing, the acquisition is expected to be accretive to
AdvancedEnzymesEPSforFY17.


Copyright 2016 Advanced Enzyme Technologies Ltd. All rights reserved.

AboutAdvancedEnzymeTechnologiesLimited
AdvancedEnzymeTechnologiesLimitedisaresearchdrivencompanywithgloballeadershipinthe
manufacturingofenzymes,incorporatedin1989.However,itsjourneybegan,whenfounderLateShriL.C.
RathisetupIndiasfirstenzymemanufacturingplantin1958.Sincethen,thecompanyhascontinuedto
growwiththatsameentrepreneurialandinnovativespiritandistoday,thelargestproducerofenzymesin
CentralAsia.ItiscommittedtoservetheHumanNutrition,AnimalNutritionandBioProcessingindustries
withitsenzymaticsolutions.Thecompanyaimstoprovidesideeffectfreehealthcareandecosafe
industrialsolutionstoitscustomersglobally.

Equippedwithstateoftheart6manufacturingfacilitiesand4research&developmentcentresacross
IndiaandUS,AdvancedEnzymesoffers400+enzymeproducts.AdvancedEnzymesexportsto45+
countriesacross6continents,andprovidescustomized&effectiveenzymesolutionscoupledwiththebest
intechnicaladvice&superiorservice.

Forwardlookingstatements
ThispressreleasemaycontainforwardlookingstatementswithrespecttoAdvancedEnzyme
Technologiesfuture(financial)performanceandposition.Suchstatementsarebasedoncurrent
expectations,estimatesandinformationcurrentlyavailabletothecompany.
AdvancedEnzymeTechnologiesLimitedcautionsreadersthatsuchstatementsinvolvecertainrisksand
uncertaintiesthataredifficulttopredictandthereforeitshouldbeunderstoodthatmanyfactorscan
causeactualperformanceandpositiontodiffermateriallyfromthesestatements.Thecompanyhasno
obligationtoupdatethestatementscontainedinthispressrelease,unlessrequiredbylaw.

Forfurtherdetails,contact:

AdvancedEnzymeTechnologiesLimited
InvestorRelations

Regd.Office:5thFloor,AWing,SunMagnetica,LIC
PiyushC.Rathi
ChiefBusinessOfficer
ServiceRoad,Louiswadi,Thane(W),
Tel:+912241703200
Mumbai400604
Email:piyush@advancedenzymes.com
Tel:+912241703200

www.advancedenzymes.com

CINNo:U24200MH1989PLC051018


Copyright 2016 Advanced Enzyme Technologies Ltd. All rights reserved.