Danisco Looks in Europe

The Danish food ingredients group Danisco A/S said that its corporate venture unit Danisco Venture had agreed to take a minority holding in the French food safety and protectant company TMI Europe SA.

"TMI has developed a very interesting enzymatic food safety system, which is patent protected and approved by the French Agency for Food Safety (AFSSA) for vegetable use. This combined with the strong process know-how of the company makes us confident that TMI will succeed in penetrating several food safety segments and become a healthy investment for Danisco Venture," said Jakob Rybak-Andersen, investment director at Danisco Venture.

The financial details of the investment were not disclosed.