DuPont to acquire Danisco for $6.3bn

IN line with its strategic goal to utilise industrial biotechnology to address global challenges in food production and reduced fossil fuel consumption, DuPont is set to acquire of Danisco for $5.8bn in cash and assumption of $500mn of Danisco net debt. Upon closing, this transaction would establish DuPont as a leader.
“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,” said DuPont Chair and CEO Ellen Kullman. “In addition, biotechnology and specialty food ingredients have the potential to change the landscape of industries, such as substituting renewable materials for fossil fuel processes and addressing food needs in developing economies, which will generate more sustainable solutions and create growth for the company.”
Danisco has speciality food ingredients, including cultures and sweeteners, which generate about 65% of total sales, whilst Genencor, its enzymes division, represents 35% of total sales.Nike Shox Avenue 803