PALO ALTO, Calif., March 8 /PRNewswire/ -- Genencor International, Inc. announced today that The Broin Companies have dismissed a misappropriation of trade secrets lawsuit against the company. Both companies have agreed not to disclose details pertaining to the dismissal.
"Genencor has a 20-plus year reputation for operating as a responsible company based on positive partnerships with customers. This is the foundation of our business and we will continue to conduct ourselves in an ethical manner," said Thomas J. Pekich, president of Genencor.
"We are very pleased that The Broin Companies agreed to dismiss this lawsuit," said Brian Carter, vice president of Grain Processing for Genencor. "We have had a sterling record of cooperation with our customers over the years and now we can further focus our efforts to make available our granular starch hydrolyzing enzyme technology for the fuel ethanol industry."
Genencor International, a division of Danisco A/S, is a leading industrial biotechnology company that develops innovative enzymes and bioproducts to improve the performance and reduce the environmental impact of the cleaning, textiles, fuels and chemicals industries.
CONTACT: Angie Blackwell, +1-585-256-6973, for Genencor International