shares in scottish sausagecasing maker devro sizzled on friday after german food giant saria served up a £667 million 807 million takeover devro stock rocketed 60 percent to 307 pence on the london stock market close to sarias agreed bid of 3161 pence per share the pair have reached agreement on the terms of a recommended cash acquisition they said in a statement to the london stock exchange saria believes that devro represents an attractive opportunity to acquire a highly regarded global business of scale which will accelerate its growth the german firm intends to maintain and invest in devros seven manufacturing sites to increase their capacity it added devro has its main base in scotland but also works out of production sites in australia china the czech republic the netherlands and the united states it employs 2000 people worldwide saria which has global operations spanning 26 countries with a workforce of 10500 specialises in agriculture and food products as well as biofuels the group is privately owned and based in selm western germany