Monday, June 27, 2011

DuPont-Danisco merger update

DuPont announced the formation of two new stand alone business units, Industrial Biosciences and Nutrition & Health. Danisco’s food ingredients division will be integrated into the Nutrition & Health unit to form a $3 billion business. Genencor will be integrated into DuPont’s Applied Bioscience unit. DuPont’s president of Nutrition & Health Craig Binetti and James Collins, DuPont’s president of Industrial Biosciences will join the boards of Danisco.

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