DENMARK: DANISCO TO MAKE ACQUISITIONS

Article Abstract:

The Danish food group Danisco is planning for further acquisitions. CEO Alf Durch-Pedersen says Danisco has not reduced its ambitious acquisition plan, even though the market value of the company has declined. Danisco will concentrate on strengthening its core-businesses, mainly food ingredients. This means activities will also be sold off, namely Danisco Foods and the fish feed company Ewos. These sell-offs are expected to generate revenues totaling at least DKr 4bn (USD 0.55bn).

Fruit and Vegetable Canning, Frozen Specialties, Frozen Food Manufacturing, Mayonnaise, Dressing, and Other Prepared Sauce Manufacturing, Pure Jams & Preserves, Sauces & Prepared Mustard, Mayonnaise, Frozen Vegetables, Prepared Feeds, Frozen Fruit, Juice, and Vegetable Manufacturing, Other Animal Food Manufacturing, Frozen foods, Jam, Animal feeding and feeds, Ewos AB

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DENMARK: ANALYSTS ANTICIPATE A NEW DANISCO ACQUISITION

Article Abstract:

Sydbank stock market analyst Stig Nymann and Handelsbanken analyst Robert Gartner expect Danisco to announce its first major acquisition today following the introduction of a new strategy that focuses on development. The announcement is expected to be made at the presentation of the company's annual report today. The acquisition candidate, according to the analysts, is Australian Germantown that produces ingredients to the food industry. Germantown is owned by Goodman Fielder that is the leading food producer in Australia.

Chocolate and Confectionery Manufacturing from Cacao Beans, Confectionery Products, Dietetic Foods, FOOD AND KINDRED PRODUCTS, Pharmaceutical preparations, Industrial organic chemicals, not elsewhere classified, Flavor & Perfume Materials, Candy & other confectionery products, Candy, Diet foods, Additives, Goodman Fielder Ltd.

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DENMARK: DANISCO TO BECOME INCREASINGLY GLOBAL

Article Abstract:

Operations of the Danish food group Danisco is becoming increasingly global. So far, the company has been quoted on stock exchanges in several countries, as well as introduced international accounting standards and appointed foreign persons members of the board and management team. Furthermore, Hugo Schroder, chairman of the board, says the company will consider publishing quarterly reports and is likely to report in Euro in future. However, Danisco has no plan to move headquarters from Denmark.

Financial management

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