Dutch DSM completes acquisition of US-based Kensey Nash

25 June 2012 09:15  [Source: ICIS news]

SINGAPORE (ICIS)--DSM said on Monday it has completed the acquisition of US-based Kensey Nash, making it an indirectly wholly owned subsidiary of the Dutch specialty chemicals firm.

The acquisition valued at $360m (€288m) entailed the merger of DSM subsidiary, Biomedical Acquisition Corp, with and into Kensey Nash, DSM said.

Since September 2010, DSM said it has announced €1.7bn worth of acquisitions, including the pending acquisition of Ocean Nutrition Canada, aimed at enhancing profitability.

($1 = €0.80)

By: Pearl Bantillo
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