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.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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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.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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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.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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