Denmark: Danisco to begin huge expansion in 2002

Article Abstract:

By the beginning of the second half of 2002, the Danish group Danisco will be able to begin a significant expansion on the global food ingredient market, according to MD Alf Durch-Pedersen. He says the group has now been consolidated and sell-offs been made, so the group is now fully concentrating on high tech ingredients for the food industry. The group's goal is to double turnover to DKr 16bn (USD 1.9bn) from DKr 8bn in the fields of ingredients and sweeteners within the next 3.5 years. Alf Durch-Pedersen says 40% of the growth will be organic and the remaining 60% realised through acquisitions. He believes the growth strategy is realisable, even though the group has become more sensitive to the state of the market through the consolidation process.

Sugar and Confectionery Products, Refined Sugar, Sugar Manufacturing, Synthetic Sweeteners, Sugar substitutes

---

DENMARK:ANALYSTS EXPECT FURTHER DANISCO ACQUISITIONS

Article Abstract:

Danisco has acquired a solid base on the Asian market through the acquisition of Germantown, the leading supplier of ingredients to the food industry in Australia and New Zealand. According to Danisco the take-over meets the group's target of achieving a net profit on the acquisition at the latest in the third fiscal following the deal. Danisco anticipates the deal to generate synergy effects of some DKr70mn (US$8.1mn) a year. According to the paper, Danisco leads the consolidation of the global market for ingredients. Analysts anticipate further acquisitions of the same magnitude as Germantown.

---

Denmark: Chr.Hansen exchanges operations with Lalleman

Article Abstract:

Danish Chr.Hansen A/S will take over Canadian Lallemand's bacteria cultures to the meat industry and Lallemand will take over Chr.Hansen's operations for cultures to the bakery industry. This deal represents a turnover of around DKr5mn.

Dietetic Foods, Food Manufacturing, FOOD AND KINDRED PRODUCTS, Diet foods, Danish Chr.Hansen A/S

Similar abstracts:

• Abstracts: Denmark: Danfoss to trim down growth forecast. Denmark: Danfoss to relocate production to Mexico
• Abstracts: Denmark:Thrane & Thrane reach agreement with Nera. Denmark: Thrane & Thrane's interim report. DENMARK: THRANE & THRANE AWARDED DKR360MN CONTRACT
• Abstracts: Nomura's chance to emerge. Asian index funds can be trickier than U.S. counterparts. Investment fund GIC begins to open up to outsiders
• Abstracts: Airbus discloses cost overruns on big A380 jet. Airbus woes weaken Forgeard's grip at EADS
• Abstracts: Wasserstein comes back to earth. Goldman, Allianz in talks for stake in Chinese bank

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.