Sugar giant Nordzucker has today (12 June) confirmed its interest in buying the sugar business of Denmark-based ingredients group Danisco.
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Nordzucker, which is based in Germany, is looking to take part in the consolidation seen in the sugar sector in Europe and told just-food it sees Danisco’s sugar unit as a good fit.
“From a strategic point of view, it fits very well,” a Nordzucker spokesman told just-food. “The geographic fit would also be perfect. We think we would be a very, very good partner for Danisco.”
Danisco announced last year that it would look to de-merge its sugar business from the rest of the company.
The decision came amid EU reform of the sector, which was brought in to stem over-production and lower artificially higher prices for EU sugar. Sugar producers who were uncompetitive at the lower price levels were offered financial inducements to leave the industry.
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By GlobalDataThe Nordzucker spokesman refused to comment on whether the company had tabled an offer for the Danisco business but said he expected a decision on the sale to be made “within the next few weeks”.
A Danisco spokesperson was tight-lipped about the sale process. “We have a policy of not commenting on the ongoing demerger process,” she said.
