Transaction
HVG Law advises Fonterra, a global dairy co-operative headquartered in New Zealand, on establishing a new start-up company together with Royal DSM, a global purpose-led company in health, nutrition and bioscience, to accelerate the development and commercialisation of fermentation-derived proteins with dairy-like properties. The start-up is a next step in Fonterra and DSM’s long-standing joint development relationship. They have been working together since 2019 to build a comprehensive understanding of how to use precision fermentation science and technology to produce proteins similar to those found in dairy.
The new start-up company will enable the acceleration of commercial product solutions utilising this intellectual property, while continuing to focus on further precision fermentation research and development.