DGF Stoess to acquire Leiner Davis Gelatin
Stoess for the acquisition Leiner Davis's global edible gelatin
business for US$170...
Conditional agreement was reached between Goodman Fielder and DGF Stoess for the acquisition Leiner Davis's global edible gelatin business for US$170 million. If concluded, the buy-over will make by DGF Stoess AG the leading global producer of gelatin. Subject to regulatory approval as well as anti-trust review in the United States, Mr Hearn announced that "the sale of Leiner Davis is a good outcome for Goodman Fielder because it will simplify the business and allow us to focus on other opportunities to accelerate operating performance and improve returns to shareholders…It is a good outcome for DGF Stoess AG, which sells gelatin under the GELITA brand internationally, because the acquisition will extend their geographic and product range which is currently focused in the northern hemisphere".
