Danisco Purchases Germantown

Danisco Purchases Germantown

NEW CENTURY, Kan.--Danisco (www.danisco.com) has purchased Germantown (www.germantown.co.nz), a supplier of texturants in Australia and New Zealand, from the Australian-based firm Goodman Fielder. The company was purchased for $100 million with proceeds of the sale to be used as capital return to shareholders (of Germantown). "Germantown is a strong regional player that perfectly complements Danisco's global presence," said AlfDuch-Pedersen, chief executive officer of Danisco. "By integrating our texturants with Germantown, Danisco will enhance its range of products, customer base and knowledge base."

Germantown develops, produces and sells functional systems, which are tailored blends of emulsifiers, stabilizers and other functional ingredients designed to solve problems in the food industry. The purchase will fulfill Danisco's general financial target of having a return exceeding the cost of capital for the third full financial year.