20 November 2002 14:48 [Source: ICIS news]LONDON (CNI)--DSM chairman Peter Elverding said Wednesday he is looking for an acquisition of around Euro200m ($201m) in the performance materials sector.
The acquisition will form part of the Dutch chemicals firm’s Vision 2005, which identifies the expansion in life sciences products and performance materials as a core aim, he said here at the European Chemical Industry Finance and Investment Conference*.
Elverding said that another acquisition the size of Roche’s fine chemicals and vitamin business would not take place because it would be difficult to integrate another large purchase.
The Roche deal, which was announced in September, was valued at Euro2.25bn. Elverding told delegates: “If you fear another buy the size of the Roche deal, do not worry.”* The European Chemical Industry Finance and Investment Conference is organised by European Chemical News and Chemical Insight and sponsored by Merrill Lynch. The two-day conference concludes today.
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