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Danisco Buys Rhodia Food Ingredients
COPENHAGEN - Mar 11/034 - SNS -- Danisco announced the purchase of Rhodia's food ingredients activities for DKK 2,400 million (EUR 320 million) with expected completion in May 2004 following the approval of the competition authorities.
In making the announcement, Danisco said Rhodia food ingredients activities within texturants and speciality products have total sales of DKK 1,575 million (EUR 211 million), EBITDA of DKK 235 million (EUR 31 million) and EBITA of DKK 150 million (EUR 20 million) (on a pro forma basis) in the financial year 2003.
The company said Rhodia food ingredients´ high-profile products will strengthen Danisco´s texturant and speciality products platform.
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