BASF and Louis Dreyfus Company (LDC) announce the successful completion of the sale of BASF’s Food and Health Performance Ingredients business to LDC. This was previously part of BASF’s Nutrition & Health division. The transaction was completed following approval by the relevant authorities.
The scope of the transaction includes the production site in Illertissen, Germany, three application laboratories outside Germany, as well as around 300 employees who have moved to LDC as part of the acquisition.
The business activities that are part of the transaction include:
- Food Performance Ingredients, including whipping agents, emulsifiers and fat powders,
- Health ingredients, such as sterol esters, conjugated linoleic acid (CLA) and omega-3 oils for human nutrition,
- as well as several smaller product lines.
With this strategic step, BASF is pursuing the goal of focusing its portfolio in a targeted manner and strengthening growth in prioritized market segments of the Nutrition & Health division. LDC, in turn, is further expanding its presence in the fast-growing market for plant-based ingredients.
“By focusing on vitamins and carotenoids, we are underlining our strategic focus on essential ingredients for human and animal nutrition,” emphasized Daniela Calleri, Senior Vice President Nutrition Ingredients at BASF. “We are committed to meeting the market demand for high-quality ingredients and ensuring a reliable supply to our customers worldwide.”
“This step is a significant milestone in LDC’s growth strategy in the plant-based ingredients sector. It supports and accelerates our ability to develop innovative solutions for food, personal care and health applications,” said James Zhou, LDC’s Chief Commercial Officer and Head of Food & Feed Solutions. “We look forward to welcoming the new teams to the LDC family and working together to create value for our customers worldwide.”
The parties have agreed not to disclose any information regarding the financial details of the transaction.
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