Companies
Kerry Group announces €150m deal to acquire Danish enzymes business
The taste and nutrition giant said the acquisition is subject to approval by the European Commission and will add €40m to its topline revenues
Kerry Group, the Irish taste and nutrition giant, has announced a €150 million agreement to buy a lactase enzyme business from two Danish companies as part of a carve-out deal.
Under the terms of the carve-out deal, Kerry will acquire part of the lactase enzyme business of Chr Hanson, a Danish rival, while it will also take control of the Chinese subsidiary of Novozymes, another Danish company which is the world’s largest maker of industrial ...
