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Web Date: January 10, 2011

DuPont To Buy Danisco For $6.3 Billion

Industrial Biotech: Deal will strengthen DuPont's business in alternative fuels and food ingredients
Department: Science & Technology, Government & Policy
Keywords: acquisition, industrial biotechnology, food ingredients

DuPont has signed a definitive agreement to buy the enzymes and food ingredients firm Danisco for $6.3 billion, including the assumption of $500 million in debt. The deal will enhance DuPont's industrial biotechnology efforts and take it into new businesses related to food and energy.

DuPont plans to finance the purchase with $3 billion of cash on hand and the rest in debt. Danisco shareholders will realize a 25% premium for . . .

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Chemical & Engineering News
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