DuPont outlines new divisions

DuPont outlines new divisions

DuPont, the new owner of Danish food group Danisco, has set out its plan to create a "premier" food ingredients and food safety business.

The US chemicals group, which finally won over Danisco shareholders this week with its second - and higher - takeover bid, yesterday (19 May) outlined the formation of two new units in the wake of the deal.

DuPont plans to create a nutrition and health division, which, it said, would combine Danisco's food ingredients arm with its own nutrition and health unit.

The combination, DuPont claimed, would form a "premier $3bn specialty food ingredients and food safety business".

When DuPont made its interest in Danisco known in January, analysts had speculated that, if successful in its bid, the US group could look in the future to offload the Danish firm's food ingredients operations.

Craig Binetti, a DuPont executive and former chairman and CEO of Solae, the company's soy protein venture with Bunge, will lead the new nutrition and health arm.

DuPont also plans to form an industrial biosciences division, which would integrate Danisco's Genencor enzyme unit with the US firm's applied biosciences arm.

James Collins, who led DuPont's "integration team" to prepare for the Danisco takeover, will lead the industrial biosciences business.

The overall integration of Danisco into DuPont will be led by Richard Olson, who has spent 33 years at the US group.