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DuPont has entered into an agreement to acquire Danisco, a global enzyme and specialty food ingredients company.
"Danisco has two well-positioned global businesses that strongly complement our current biotechnology capabilities, R&D pipeline, and specialty food ingredients, a combination that offers attractive long-term financial returns. This also would create new opportunities across other parts of the DuPont portfolio, including traditional materials science offerings," said DuPont chairwoman and CEO Ellen Kullman.
Danisco has specialty food ingredients, including enablers, cultures and sweeteners that generate about 65% of total sales. Genencor, its enzymes division, represents 35% of total sales. Danisco and DuPont are already joint venture partners in the development of cellulosic ethanol technology.