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Degussa to Sell Food Ingredients Business to Cargill

By: Rebecca Wright

Editor/Associate Publisher

Degussa AG, Dusseldorf, Germany, has agreed to sell its food ingredients operations to Cargill Minneapolis, MN, for $670 million. The transaction is still contingent on the approval of the Degussa Supervisory Board and the relevant regulatory authorities. In a consolidating food ingredients industry, the Degussa Management Board decided in August 2004 to divest its Food Ingredient business in order to provide it with the opportunity for a further development into a leading global position. After selling the Fruit Systems activities in early 2005, today the Degussa Food Ingredients Business Unit consists of the Texturant Systems and Flavors Business Lines. Texturant Systems is comprised of product groups in the areas of hydrocolloids, blends, lecithin, cultures and bioactive ingredients. The Flavors Business Line produces flavoring solutions for the beverage, dairy, confectionary and other food sectors and provides key capabilities in formulation, application, analytical chemistry and sensory analysis.

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