Danisco divests Flavours to Firmenich
Danisco has entered into an agreement on the divestment of Flavours to Firmenich and an enterprise value for the activities has been agreed.
The agreement is subject to approvals by the relevant authorities in a number of countries. The agreement is expected to be concluded by June 2007.
At the same time, Danisco and Firmenich are entering a strategic partnership which will provide unique and comprehensive solutions for the food industry.
The agreement allows for Danisco maintaining a unique product offering for its users and for a strengthening of the position of both parties in the food industry.
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