DuPont annouces changes after Danisco acquisition

DuPont annouces changes after Danisco acquisition

11:53 AM, 23rd May 2011
DuPont annouces changes after Danisco acquisition

WILMINGTON, US: DuPont formed two new business units, Industrial Biosciences and Nutrition & Health, after acquiring Danisco. The company has appointed Craig F Binetti as President of Nutrition & Health business and James C Collins Jr as President of Industrial Biosciences. Richard C Olson will assume responsibility for ongoing integration of Danisco across both new businesses units.

Industrial Biosciences will integrate Danisco’s Genencor enzyme division with the DuPont Applied BioSciences business to create a leading $ 1 billion industrial bioscience business.

Nutritional & Health will combine Danisco Food Ingredients with DuPont’s existing Nutrition & Health business to form a premier $ 3 billion specialty food ingredients and food safety business.

DuPont, through DuPont Denmark Holding ApS, has acquired more than 92 per cent ownership of Danisco. Upon completion of an extraordinary general meeting of Danisco shareholders in June, Binetti and Collins will join the executive board of Danisco A/S.

(C) WOC News

 

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