DuPont acquisition of Danisco finalised
DuPont’s acquisition of Danisco has been finalised. On May 16 the chemical company reported that its wholly-owned subsidiary DuPont Denmark Holding ApS had taken on 92.2 per cent of Danisco’s outstanding shares, having paid 700 krone (£82) per share. Following the acquisition’s finalisation DuPont CEO and chair Ellen Kullman said “we are delighted that the tender has been successful and we can move on to the process of integrating Danisco into DuPont.” Danisco chairman Jorgen Tandrup added the Danish company is “very pleased that a vast majority of Danisco shareholders have accepted DuPont's offer” and commented on the two companies’ shared outlook on science and research capabilities.
Since 2008 Danisco has worked with Goodyear to develop an integrated process for manufacturing BioIsoprene – a renewable alternative to petroleum based isoprene – on an industrial scale. Goodyear publicly displayed its first BioIsoprene tyres in December 2009 and some US$50 million was earmarked for continued development between 2009 and 2013.