08 August 2012 07:32 [Source: ICIS news]
SINGAPORE (ICIS)--DSM has agreed to buy Brazil-based nutritional supplements firm Tortuga Companhia Zootecnica Agraria (?xml:namespace>
The transaction is expected to close in the first quarter of next year, the company said in a statement.
“[The] acquisition will strengthen DSM's presence in the significant and highly attractive animal nutrition market in
The deal offers “excellent revenue synergies” for DSM to supply existing vitamins and other products via
“After completion of the announced acquisitions DSM's nutrition cluster will on a pro forma basis surpass €4bn in net sales on an annual basis, resulting in stronger and more stable growth and profitability for DSM overall,” added Feike Sijbesma, CEO and chairman of the DSM managing board.
($1 = €0.81)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections