DowDuPont completes FMC Health & Nutrition buy, boosts excipient position
02 Nov 2017 --- DowDuPont has announced the completion of DuPont's acquisition of FMC Corporation’s Health & Nutrition business (FMC H&N), except for the omega 3 business and its divestment to FMC of a portion of DuPont’s Crop Protection business. The transaction includes consideration to DuPont of USUS$1.6 billion to reflect the difference in the value of the assets, including cash of USUS$1.2 billion and working capital of US$425 million. The divestiture satisfies DuPont’s commitments in connection with the regulatory clearance of the merger with Dow, which was completed on August 31, 2017. Speaking to FoodIngredientsFirst, Matthias Heinzel, DuPont Nutrition & Health Business President says: “We are excited about completing this transaction which strengthens DuPont Nutrition & Health’s position as one of the world’s leading specialty food ingredients companies and providers of sustainable, bio-based food ingredients and expanding into pharma applications that address the evolving demands of that industry. The acquisition of FMC’s complementary portfolio and expertise enhances our growth potential with a broader offering of products and solutions, an expanded footprint and a strong R&D pipeline. Specifically, we are gaining broader and new access to key ingredients including alginates, carrageenan and microcrystalline cellulose. Moreover, we are expanding our business into the fast-growing pharma excipients space, gaining access to different and complementary routes to market.” “As part of DuPont Nutrition & Health, FMC Health & Nutrition will be positioned within a larger, highly complementary business focused on the same area of expertise that is committed to its success. The FMC Health & Nutrition business and its people will benefit from DuPont’s scale, our commitment to investing in R&D, and the opportunity to join a team of like-minded professionals focused on using technology to make foods better, medicines more effective, and improve wellness options around the world,” explains Heinzel. “In September 2017, DuPont completed its merger of equals with Dow Chemicals. As a result, we are now preparing to spin into a new Specialty Products Division which will be characterized by delivering high-value differentiated products through leading brands, unrivaled customer access and deep industry experience. The acquisition of FMC Health & Nutrition’ highly complementary business fits well into this business objective. It strengthens our DuPont Nutrition & Health market position and enhances our future growth potential by giving us access to leading brands, impressive technology and a high level of expertise. As such it is a strong fit at a time where we are accelerating our business for growth as part of the Specialty Products Division,” he notes. “FMC Health & Nutrition has a strong position in the excipient market and is recognized for its brands and high-quality excipients. This is a high-growth market driven by the need for more complex drugs and improved functionality of the drugs. As such it presents an exciting growth opportunity for DuPont Nutition & Health where we can use our technical and R&D expertise to further develop FMC Health & Nutrition’s leading market position,” he notes. Strengthening DuPont Nutrition & Health’s position DuPont N&H is focused on customer-driven innovation. With highly differentiated products and solutions, in-depth knowledge of food and nutrition, advanced research and expert science, the business is uniquely positioned to deliver unmatched value to the food, beverage, dietary supplement and pharmaceutical industries. The business is part of the DowDuPont Specialty Products Division. Establishing a global agriculture leader With the completion of this divestiture, the Agriculture Division is a global agriculture leader with a balanced portfolio and robust pipeline of innovative solutions across seed germplasm, biotech traits, crop protection, seed-applied technologies and digital agriculture. The Division’s enhanced capabilities will offer farmers superior solutions, greater choice and competitive price for value, helping them increase productivity and profitability. Price increase for locust bean gum LBG is a seed extract from carob, carob kernels are harvested in the Mediterranean area during the end of summer. The company reports that volume harvested this year is limited and availability of this necessary raw material has resulted in significant increases in the overall cost for DuPont to produce LBG. As a result, DuPont will implement a price increase for LBG, up to 30 percent. In addition, DuPont is limiting the term of LBG price validity to maintain flexibility in response to market conditions. “DuPont is increasing its LBG price to respond to dynamic market conditions. This price increase will enable DuPont to continue servicing our customers with high-quality LBG. It also will enable a continued focus on quality, safety and productivity to offer the most competitive solutions to the global food industry,” says Jean-Baptiste Dufeu, DuPont Nutrition & Health, LBG business manager. By Elizabeth Green To contact our editorial team please email us at editorial@cnsmedia.com 
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COMPANY DETAILSDuPont DuPont NHIB Denmark ApS Copenhagen DK-1001 Denmark
Tel. +45 3266 2000 ACTIVE CATEGORIESBakery Mixes and Other Bakery Products, Confectionery - Chocolate, Confectionery - For Bakery Industry, Dairy Products - Natural and Imitation, Fruit Products - Dry, Fruit Products - Wet, Speciality Oils and Fats DuPont claim to be “a world leader in market-driven innovation and science.” They have a business that has spanned two centuries (so far) and is active in more than 90 countries. Related ArticlesFood Ingredients News DuPont applauds USDA decision to support continued use of carrageenan in organic food
06 Apr 2018 --- DuPont Nutrition & Health and a broad coalition of scientists, dietitians, food producers, environmentalists, seaweed farmers and consumers have applauded the decision by the United States Department of Agriculture (USDA) to support carrageenan for continued use in US organic foods. Food Ingredients News DuPont launches new starter cultures for industrial-sized cheesemakers
05 Apr 2018 --- DuPont Nutrition & Health has launched the latest innovations from the DuPont Danisco range of ingredients: CHOOZIT SWIFT 600 and CHOOZIT AMERI-FLEX. The new starter cultures are developed to solve productivity and cheese quality needs for industrial-sized cheesemakers. Business News Bayer-Monsanto: US$62.5bn mega-merger another step closer as EU conditionally approves tie-up
22 Mar 2018 --- The Bayer-Monsanto tie-up has cleared another big hurdle as the European Commission (EC) conditionally approved the acquisition – the latest green light from antitrust regulators which brings the creation of a company with control of more than a quarter of the world’s seed and pesticides market closer to reality. Despite a wave of opposition from farming groups and environmentalists, German conglomerate Bayer has won EU antitrust approval to acquire the US seed giant – but it comes with conditions. Business News Weekly Digest: Arla scores for protein pouch pack, Coca-Cola gains self-supply license
16 Mar 2018 --- This week, Arla Foods scooped an award for its protein pouch format at the fourth annual World Food Innovation Awards and ITS (International Taste Solutions) obtained an AA Grade on BRC Accreditation. Elsewhere, Balchem and the China National Research Institute of Food and Fermentation Industries (CNRIFFI) have partnered up. Food Ingredients News Culture capacity: DuPont lays foundation for deep-freeze warehouse
15 Mar 2018 --- Earlier this week, (March 12), the official groundbreaking ceremony for a new deep-freeze warehouse took place at the site of the DuPont Nutrition & Health (Danisco Deutschland GmbH) in Niebüll, Germany. The new storage center is part of a joint project, which reflects the cooperative efforts of the sites of Epernon, France and Niebüll, Germany to secure additional capacity in cultures. |
