Danisco acquires Agtech Products
Danisco A/S has signed an agreement to acquire Agtech
Products, a US-based agricultural biotech company, for a total consideration of
USD 42 million on an EV basis.
Danisco CEO Tom Knutzen comments: "Acquiring Agtech will expand our already
leading cultures position into the new sector of Animal Nutrition where it
represents an exciting opportunity to bring new value to our customers.
"It will also reinforce our aspiration to be the leader in providing
health and nutrition solutions to the animal production industry and throughout
the food chain - From Farm to Fork. This acquisition represents an important
step in our strategy to provide a platform for accelerated
Completion of the transaction is expected by the end of
2008. The transaction is expected to have a neutral effect on Danisco's
operating profit for the first financial year. In 2007, Agtech reported revenue
of approx. USD 12 million. Over the past five years, Agtech has delivered an
average CAGR of more than 20%.
Agtech is dedicated to the development,
manufacture and technical application of microbial-based products for the animal
nutrition industry. Products include direct-fed microbials, i.e. products that
contain viable beneficial microorganisms which improve digestion and animal
Other products include silage preservatives and livestock
waste treatment microbial products, as well as an emerging line of cultures to
ensure food products safety.
• Agtech Products
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