PAI Purchases Chr. Hansen

PAI Purchases Chr. Hansen

MILWAUKEEPAI Partners boughtChr. Hansen for DKK 8.2 billion (EUR 1.1 billion). According to a release, the acquisition is part of PAIspursuit of potential growth through continued expansion of geographic marketcoverage, investment in capacity and R&D, and future acquisitions.

Chr. Hansens former executive vice president of businessoperations, Lars Frederiksen, chief executive officer (CEO), will join thecompanys existing management team of Leif Nørgaard, chief financial officer(CFO); Hans Thorkilgaard, executive vice president, global productionand supply; and Peter Olesen, chief sales officer (CSO).