Eppen Biotech and Meihua Biotech belong to the same industry, established a little later a year, mainly engaged in amino acids, monosodium glutamate and compound fertilizer, etc., ranking third in the domestic monosodium glutamate industry. However, Meihua biology is mainly monosodium glutamate products, supplemented by amino acid products, while Yipin is the opposite, and the two have strong complementarity in product structure. In order to further expand the production capacity and business coverage of monosodium glutamate and amino acids, Yipin and Meihua had a period of "no illness".
At the end of 2014, Meihua announced that it would purchase a total of 100% of the shares of Eppen Biotech for 3.8 billion yuan. At that time, the MSG industry had overcapacity, and the market was very sluggish. Meihua tries to reduce the risk of relatively concentrated sales areas of its main business, and threonine is an important source of its profit growth, such as the acquisition of Eppen, which is mainly based on amino acid business, and its threonine production capacity can reach the world's first.
Unexpectedly, the amino acid industry is also struggling with overcapacity. Eppen Biotech posted huge net profit losses in both 2013 and the first seven months of 2014. It was also sued by the global amino acid giant CJ CheilJedang Co., Ltd. for patent infringement, and the lawsuit lasted two years, and the two parties finally reached a settlement. But this also affected Meihua's acquisition of Eppen Bio, and Meihua finally announced the cessation of purchase. Interestingly, in 2016, Xijie also wanted to acquire the shares of Meihua Biology, but it also failed to take shape, and the love and killing of these three in the field of amino acids is still to be continued.
MSG is not the main business of Yipin, so there are very few products, only one Yipin. However, the company's production process is very mature, passed the ISO9001 international quality system certification, HACCP food safety certification, more than 99% monosodium glutamate content to ensure the freshness of monosodium glutamate, raw materials selected from the upper reaches of the Yellow River planted corn, good growth environment. There are family and catering industry clothes to choose from, and the price of 1kg is about 12 yuan, which is the lowest among the three major brands.