DuPont agrees deal for Danisco
Shares of Denmark’s Danisco surged this week after the food ingredients group agreed to be acquired by DuPont in a £4 billion (€4.8bn) deal.
DuPont says it will pay £3.7 billion (€4.45bn) in cash for Danisco and take on around £322 million (€387m) of the firm’s debt.
Danisco produces speciality food ingredients such as emulsifiers and sweeteners, and also has a large enzymes business, with customers in the textiles, biofuels and biodefense industries. DuPont says the business will be a close fit with its own nutrition and applied biosciences divisions.
“This transaction is a perfect strategic fit with our growth opportunities and will help us solve global challenges presented by dramatic population growth in the decades to come, specifically related to food and energy,” says DuPont CEO Ellen Kullman in a statement.
