Today, the following notice has been sent to the Copenhagen Stock Exchange and the HEX Helsinki exchanges:
Danisco A/S has concluded a final agreement with the Dutch-American company Lamb Weston/Meijer B.V., Kruiningen, for the takeover of Danisco Foods´ Dutch activities in frozen potato products.
Danisco Foods´ division for frozen potatoes includes two plants in the Netherlands (Bergen op Zoom and Tilburg).
In the 1999/2000 financial year, the sold activities had net sales of DKK 724 million and a profit of DKK 45 million (EBITDA) after allocation of joint costs, but before interest, depreciation and amortisation of goodwill.
The sale price of DKK 230 million on a debt-free basis (enterprise value) corresponds to approximately 5.1 times EBITDA.
The sale will affect 325 of Danisco Foods´ employees.
The final takeover will be effected in January 2001.
Yours faithfully
Alf Duch-Pedersen
For further information, please contact:
Poul Steeskov, President, Danisco Foods Tel.: +45 32 66 22 60 or
Anders Hundahl, Group Communications Manager, Danisco A/S Tel.: +45 32 66 20 50
