Rhodia completes ingredients sale to Danisco

Related tags Rhodia

Chemicals group Rhodia signed off the sale of its food ingredients
business to ingredients giant Danisco today, in a deal worth €320
million.

The sale, announced on 13 February, gives Danisco a leading share in the probiotics market, taking over from Rhodia as the number one supplier of probiotics to supplements.

It also pushes down current number one cultures player Chr Hansen into second position.

The sale includes Rhodia's hydrocolloids and food safety products activities, which along with cultures, generated sales of €211 million in 2003.

The transaction, a higher price than first announced, should be finalized in May, once legal authorizations have been received.

The move is a key step in Rhodia's recovery plan and will contribute significantly to the reduction of the group's debt.

"We are divesting this business, which has few synergies with the rest of Rhodia, under excellent terms. The transaction will generate almost half the €700 million to be raised from divestments this year with a much higher multiple than we had targeted,"​ said Rhodia CEO, Jean-Pierre Clamadieu.

Related products

show more

Whitepaper: Discover a new era in postbiotics

Whitepaper: Discover a new era in postbiotics

Content provided by DSM Nutritional Products | 28-Nov-2023 | White Paper

Postbiotic ingredients are set to open up a world of opportunities across the human health and nutrition industry, fueled by developing science demonstrating...

Taking Immune Support to a New Level

Taking Immune Support to a New Level

Content provided by AB Biotek Human Nutrition & Health | 30-Oct-2023 | White Paper

Patent-pending ABB C1® redefines immune support by addressing innate, acquired, and Trained Immunity. In 'ABB C1®: Training Now for Future Immune...

Related suppliers

Follow us

Products

View more

Webinars