Acquisition of Danisco Sugar by Nordzuker (DKKm 5.450)
ATRIUM Partners advised Nordzucker
Acquisition of Danisco Sugar by Nordzuker (DKKm 5.450)
Sector(s) : Consumer goods
Date : March 2009
Advisor(s) : Atrium Partners
Advised : Buy Side
Mid-Capital partner ATRIUM Partners advised Nordzucker
ATRIUM Partners acted as financial advisor to Nordzucker AG in connection with the acquisition of Danisco Sugar A/S.
Nordzucker has through the acquisition of Danisco Sugar A/S positioned themselves as the second largest sugar grower in Europe and the largest in Northern Europe.
The acquisition of Danisco Sugar supports Nordzuker's strategy to actively contribute to the consolidation of the sugar industry within the EU.
Nordzucker produces sugar in Germany, Poland, Slovakia, and Serbia and in addition bio ethanol.
Nordsucker’s turnover for 2007/08 was EUR 1.377 mio. and their EBITDA was approx DKK 1.900 mio.
Danisco Sugar is the 6th largest sugar grower in Europe and produces sugar in Denmark, Sweden, Finland, Lithuania, and Germany. In addition to sugar production Danisco has an independent high marginal business within primarily beet seeds – Danisco Seeds.
Danisco Sugar's turnover for 2007/08 was DKK 6.800 mio. and their EBITDA approx 1.000 mio.
The transaction is subjected to approval by Danisco A/S’ AGM and the competition authorities.
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