CanBiocin Acquires Assets of Pure Cultures to Expand U.S. Operations
April 30, 2020
Edmonton-based CanBiocin Inc. acquired all assets of Denver-based Pure Cultures Inc., effective April 30, 2020, including species-specific probiotics, a U.S. patent and product brands Flock Vitality and Pig Vitality. The acquisition establishes CanBiocin operations in the United States and brings Pure Cultures founder Steve Kazemi into CanBiocin as Chief Commercialization Officer; deal terms were not disclosed.
- Buyers
- CanBiocin Inc.
- Targets
- Pure Cultures Inc. (assets)
- Sellers
- Pure Cultures Inc., Steve Kazemi
- Industry
- Biotechnology
- Location
- Colorado, United States
- Transaction Type
- Buyout
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