Dupont, which earlier in the year warned that its May $6.49bn acquisition of Danisco would dent its yearly profits, has defied expectations in second quarter results published today.
US chemical group DuPont has successfully completed its tender offer for Danisco, as 92.2 percent of outstanding shares in the Danish food ingredients firm were tendered by Friday’s deadline, DuPont said on Monday.
Danish giant Danisco hopes to have products on shelves “within 12 months” for a new pine-sourced free and esterified phytosterol offering targeting heart health it has branded PinVita.
The European Commission today approved DuPont’s €4.5bn offer for Danish probiotics, enzymes and ingredients giant Danisco but the deal remains in doubt as to date only 6% of Danisco shareholders have accepted the offer.
Scandinavian ingredients giant Danisco has signed a “long term” deal to market globally the free and esterified phytosterol offerings of US firm Arboris.
Danisco’s fine Q3 results may make some investors less willing to sell, believing the company can bring profit alone or that DuPont may be persuaded to raise its offer, say commentators.
DuPont would look to move its food ingredients R&D to Denmark following its acquisition of Danisco, and adopt the latter’s Sales and Application development organisation to get ingredients to market, offer documents reveal.
DuPont’s €4.9bn acquisition of Danish probiotics and sweeteners specialist Danisco this week is vindication of the increasing economic viability of functional foods, according to analysts.
Royal DSM says it stands to make €129m if it accepts DuPont’s bid and sells its 4.95 per cent stake in Danish supplier Danisco, but has not stated it would accept the offer.
DuPont expects to become a ‘premier specialty food ingredients provider’ as a result of acquiring Danisco, and expects it to be particularly complementary to its Solae soy protein business.
Danisco is to be snapped up by DuPont for $6.3bn, in a deal Dupont says could create a global leader in industrial biotech – and help drive science-based solutions to the world’s food and fuel challenges.
Danisco has completed the next phase of its cultures capacity expansion with the opening of modernised and enlarged facilities in Epernon, France, allowing it to reduce response times for DVI cultures.
Danisco said that the development of Grindsted Fibreline 103, an addition to its Fibreline 101 product for rye bread applications, enables bakers to meet consumer demand for healthier bread without compromising on taste or texture.
A new study on betaine has added to the science backing the ingredient’s sports nutrition benefits, demonstrating that supplementation for two weeks helped improve power and force.
Danisco is using major trade shows in Europe and Asia to boost exposure of the probiotic straws it launched last year in conjunction Australian firm, Unistraw.
Initial claims that Danish supplier Danisco was responsible for mercury poisoning of workers at one of its vitamin plants in the 1960s and 1970s have been dismissed by a Danish tribunal.
The food and beverage enzyme market looks set to continue growing, says Danisco chief, as food firms turn to processing aid to solve issues of cost, safety and quality, and new health and nutrition benefits are uncovered.
Danish supplier Danisco BioActives and Norwegian vitamin K specialist, NattoPharma, have inked a deal that will see Danisco become the marketer and distributor of Natto’s vitamin K2 ingredient to the food industry.
Dansico says it has strengthened its hand within the market for polyphenol-rich ingredients through a new cooperation to globally supply a range of grape extracts.
Danisco has signed a working agreement with UK-based Coressence, which will see the Danish company bring a range of polyphenol-rich apple ingredients to the European and US markets.
Rumour, according to the Romans, is a feathered beast with a myriad eyes and tongues. Last week she went bristling through the Danish business pages, spreading the news that Danisco could be bought by a private equity firm.
A blooming probiotic market in South America has given Danisco the
chance for strong growth in the region as companies there are
increasingly seeking solutions from its cultures.
Naturex has unveiled new websites for the branded health
ingredients in its Nat'Life division, to give end consumers in
Italy, Spain and Germany information on the brands in their own
languages.
French sugar and food solutions company Tereos has confirmed it is
hoping to acquire Danisco's sugar business, and that it is bidding
against Germany's Nordzucker.
Food ingredients, sugar and industrial bioproducts firm Danisco is
sponsoring a professorship in healthy dietary fibres, which could
help to develop foods with health-promoting benefits.
Long term R&D strategies look to be paying off as Danisco is
recognised as being one of the strongest patentees compared with
other companies in the food sector.
Danisco is reorganising its ingredients business in a bid to target
market trends like health and wellness more closely, and deal with
issues that have been affecting parts of its portfolio.
Ingredients company Danisco is responding to growing markets in
India with the opening of two new manufacturing units focusing on
functional systems and enzymes.
In a drive to spread the message on the benefits of prebiotics and
probiotics for digestive health and immunity, Danisco USA held a
symposium on the science behind these ingredients.
Strain stability and further development of new health benefits are
the two main drivers which will push probiotics further into the
food industry, the president of Danisco Cultures has said.
Danisco is marketing its Grinstead IcePro stabilizer systems to
help manufacturers avoiding being stung by volatile prices in the
dairy sector, reducing the need for butterfat and dairy solid
content.
The strength of Danisco Cultures is reflected in the company's
financial report for the first nine months of 2006/7, in which the
division helped drive organic growth for both Bioingredients and
its overarching Ingredients sector.
Danisco has developed a new ice cream based on goat's milk,
plugging the formulation as a means for companies to target the
growing demand for speciality products.
Danisco has developed a new formulation of probiotics called Howaru
Protect, specifically targeted to reducing cold and 'flu symptoms,
and is exploring its use by the food, supplements and
pharmaceutical industries.
Oral administration of Lactobacillous acidophilus NCFM has been
seen to have an analgesic effect in the gut similar to that of
morphine - a finding that opens up a new realm of applications for
Danisco's probiotic strain.
Danisco is introducing a new addition to its Howru probiotics line,
which it says was seen in the first of a series of
condition-specific studies to help restore the beneficial bacteria
in the human gut after taking antibiotics.
Danisco is setting out to encourage new ideas for appealing and
science-based functional foods; at the start of this month it held
a symposium to present an insight into opportunities for improving
consumer health through diet.
Danisco has launched a new range of enzymes to help fruit juice
makers save money and improve quality as they look to target
growing consumer demand for healthier soft drinks.
Danisco has announced the next phase in its global cultures
expansion programme, investing €3 million in ramping up production
capacity of freeze-dried cultures at its plant in Sassenge.
Danisco has taken up the low-carb, low-sugar baton and run with it,
developing a line of flavours aimed at food manufacturers
developing artificially sweetened and reduced sugar beverages and
dairy products.
Risk assessment and market predictions translate into new pectin
opportunities for Danisco that will break ground on a new pectin
plant in Brazil, to be up and running by 2007, reports Lindsey
Partos.
