Genencor

{{Short description|US biotech company}}

{{Infobox company

| name = Genencor International

| logo = Genencor Logo.png

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| type = Subsidiary

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| foundation = {{Start date and age|1982}}

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| location = Palo Alto, California, U.S.

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| key_people = Tjerk de Ruiter
(Chairman & CEO)

| industry = Biotechnology

| products = Purafect, Properase, Spezyme

| services =

| revenue = {{profit}} {{US$|380 million|link=yes}} (2005)

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| num_employees = 1,500 (2005)

| parent = IFF

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| homepage = {{URL|http://biosciences.dupont.com}}

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}}

Genencor is a biotechnology company based in Palo Alto, CA and a subsidiary of IFF.{{Cite web|url=https://www.prnewswire.com/news-releases/dupont-to-acquire-danisco-for-63-billion-113179854.html|title=DuPont to Acquire Danisco for $6.3 Billion|last=DuPont|website=www.prnewswire.com|language=en|access-date=2019-07-11}} Genencor is a producer of Industrial enzymes and low-priced bulk protein. The name Genencor originates with Genencor, Inc., the original joint venture between Genentech and Corning Incorporated, which was founded in 1982. It is considered to have pioneered the field of industrial biotechnology, as distinct from traditional applications of biotechnology to health care and agriculture.

In 2005 Genencor was acquired by Danisco.{{citation |url=http://www.foodingredientsfirst.com/news/Danisco-acquire-Genencor-for-419-million.html |title=Danisco acquire Genencor for $419 million}}

In 2008 Genencor entered a joint venture with DuPont, called DuPont Danisco Cellulosic Ethanol LLC, to develop and commercialize low cost technology for the production of cellulosic ethanol. In 2008, Genencor and Goodyear announced they were working to develop BioIsoprene.

In 2011, DuPont acquired Danisco for $6.3 billion.{{cite news |url=https://archive.nytimes.com/dealbook.nytimes.com/2011/01/09/dupont-to-buy-danisco-for-5-8-billion/ |title=DuPont to Buy Danisco for $5.8 Billion |date=2011-01-09 |work=The New York Times |author=Michael J. De La Merced |quote=DuPont agreed Sunday evening to buy Danisco, a Danish specialty food ingredients maker, for $5.8 billion in cash... as well as assume $500 million of Danisco's debt.}}

In 2021, portions of DuPont including the Genencor division were acquired by International Flavors & Fragrances.{{Cite web|date=2019-12-16|title=IFF to merge with DuPont's $26.2 billion nutrition unit|url=https://www.cnbc.com/2019/12/16/iff-to-merge-with-duponts-26point2-billion-nutrition-unit.html|access-date=2021-02-15|website=CNBC|language=en}}