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.

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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