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.
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“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.
