In an effort to become world leader in the fragmented food ingredients market Denmark’s Danisco continues its hunt for suitable takeovers, the company’s CEO Alf Duch-Pedersen said in an interview with Reuters.
Go deeper with GlobalData
“We look at acquisition opportunities all over the world, including emerging markets such as China and Russia,” Duch-Pedersen said.
Danisco sales have grown at an average rate of 7.7% over the past five years to DKr23.5bn (US$2.8bn) in the 2000/01 financial year to end-April. Since 1999, Danisco has taken over Finnish food ingredients company Cultor for more than US$1.1bn, US Florida Flavors and recently Australian Germantown to strengthen its position in Australia, New Zealand, Asia and the Americas in a US$100m deal.
Danisco has almost completed its DKr10bn divestment programme of non-core activities, notably packaging activities, and now focuses on becoming a sole food ingredients, sweeteners and sugar company.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
