16 July 2008 - Danisco has obtained final approval from the EU competition authorities for the acquisition of the shares in UK-based emulsifiers producer Abitec Ltd.
In January 2008, Danisco signed the agreement conditional upon approval from the appropriate competition authorities. The agreement will be formalised on 29 August 2008.
‘We are very pleased that the competition authorities have now approved Danisco’s acquisition of Abitec. It will give us an excellent opportunity to combine Abitec’s and Danisco’s strengths in the emulsifier area,’ says Martin Klavs Nielsen, head of Danisco's Emulsifiers business.
The acquisition of Abitec ties in with Danisco’s strategic target of creating value through organic and acquisitive growth and confirms the company’s long-term commitment to the emulsifier market.
‘By strengthening our position within emulsifiers we are well-positioned to meet the increasing demands of customers. We are eager to commence the integration process and will do everything we can to make it as smooth for the customers as possible,’ says Martin Klavs Nielsen.