Wilmington, DE—DuPont, headquartered here, snatched up Danisco for a cool $5.8 billion in cash. The company will also swallow $500 million of Dansico’s debt. Dupont stated that the move would make the company “a clear leader in industrial biotechnology.”
DuPont also told the media that Danisco was attractive because of its biotechnology capabilities, R&D pipeline and specialty food ingredients that could create new opportunities for DuPont. DuPont does own Solae (as a joint venture between it and Bunge), which makes soy-based ingredients.
Published in WholeFoods Magazine, March 2011 (online 1/26/11)