Danish companies Novozymes A/S, Bagsvaerd, and Chr. Hansen, Horsholm, report that they plan to rebrand as Novonesis after the Novozymes takeover of Chr. Hansen is complete. Novonesis means “a new beginning” and derives from the Greek word “genesis.”
The companies said the merger approval process is progressing as planned, with closing expected to take place in the first quarter of 2024. The new name will be gradually implemented once the proposed combination is completed.
Novozymes, the world’s largest maker of industrial enzymes, last December agreed to buy Chr. Hansen Holding A/S for about 87.1 billion kronor ($12.3 billion) in stock to gain probiotic cultures and expand in the growing market for food and nutrition.