Chr. Hansen Acquires Full Ownership of Turkish Subsidiary

HOERSHOLM, DenmarkChr. Hansen announced it acquired the remaining 50% of the shares of its Turkish subsidiary, Peyma Chr-Hansen A.S. Turkey is a strategically important market seeing steady growth in both cultures, enzymes and natural colors, and Chr. Hansens full ownership will strengthen and expand its activities in the region.

We have been present with the Peyma Chr-Hansen Joint Venture in Turkey since 1989. With this acquisition we can fully integrate operations into the rest of the Chr. Hansen organization, sustaining the whole Groups success in the future," said Jacob Vishof Paulsen, group vice president, Europe, Middle East and Africa, Chr. Hansen.

Toni Ciprut, general manager and shareholder of Peyma Chr-Hansen A.S, will continue to support the management team as a consultant over the next two years. Carsten Rou has been named country manager of Chr. Hansen Turkey. Rou has been with Chr. Hansen for 25 years, most recently as head of culture and enzyme sales in North America.