Ingredients maker Danisco has acquired all the assets of the Malaysian emulsifier company Esterchem from Palmco Holdings for US$12 million. The purchase more than doubles the capacity of Danisco’s adjacent plant in Penang and marks the first phase of an extensive expansion plan for the region (see DII 63(6)13).
Frederik Gejl-Hansen, executive vice president sales & marketing at Danisco Ingredients, said: