Cultor Corporation, a listed Finnish company and the world's leader in high-performance nutrition products e.g. xylitol, is to merge with Danisco Aksjeselskab, one of Denmark's leading international industrial groups. The merger will be realized through a cash tender offer by Danisco. The total purchase sum corresponds to EUR 1,3 billion. The aim is to complete the merger of the businesses within this year.
The merger is intended to establish a Nordic-based, world class supplier to the global food industry, based around three core business areas: ingredients, sweeteners and flexible packaging. The new company's net sales will initially be approximately EUR 4,1 billion. The company will employ around 20 000 people, and be active in more than 40 countries.
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