20 September 2012 07:39 [Source: ICIS news]
SINGAPORE (ICIS)--Dutch specialty chemical maker DSM said on Thursday it is in exclusive discussions to acquire US-based Cargill's cultures and enzymes business.
The discussions “may, or may not result in the acquisition of Cargill's cultures and enzymes business by DSM,” the company said in a statement.
“Both companies are now engaging in the information and consultation process with employee representative bodies in the relevant countries. Further information will be announced in due course,” it added.
Cargill's cultures and enzymes business has manufacturing operations at ?xml:namespace>
The business generates net sales of about €45m ($58.4m) per year and has about 200 employees, according to DSM.
The global market for cultures and enzymes is valued at over €1bn and is growing at more than 5% per year, according to the company.
($1 = €0.77)
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