Business Services Industry
Danisco A/S completes acquisition of Rhodia Food Ingredients
Nordic Business Report, June 1, 2004
NORDIC BUSINESS REPORT-1 June 2004-Danisco A/S completes acquisition of Rhodia Food Ingredients(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com
The Danish food ingredients, sweeteners and sugar group Danisco A/S said on Tuesday (1 June) that it had completed its previously announced acquisition of the food ingredients business of the French group Rhodia.
Danisco paid EUR320m for Rhodia Food Ingredients, which has 860 employees and reported sales of EUR211m in 2003.
Rhodia Food Ingredients' cultures operations will form a new division, Danisco Cultures, while the other activities will be integrated into the existing divisions Specialities, Textural Ingredients and Functional Systems.
"We're looking forward to starting the integration process. Rhodia's talented and knowledgeable employees will contribute to the value creation at Danisco and help bolster our position in the ingredients market," said Alf Duch-Pedersen, CEO of Danisco.
One euro (EUR) is worth approximately 0.7 British pounds (GBP).
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Fox Networks Group and Bright House Networks Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Fox Networks Group and Time Warner Cable Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Houston Radio D.J. Kevin Kline Completes 500-Mile, 13-Day Ultramarathon Across Texas for Kids with Cancer
- Seaspan Corporation Provides Information on the CSCL Hamburg
- Dodecylamine improves nanocrystal synthesis
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
