Dutch DSM completes acquisition of Fortitech

19 December 2012 09:04  [Source: ICIS news]

SINGAPORE (ICIS)--Dutch specialty chemicals firm DSM said on Wednesday it has completed the acquisition of US-based food ingredients company Fortitech Inc. at a cost of $634m (€495m) as part of its growth strategy.

Approximately 520 employees are joining DSM as a result of the acquisition announced on 8 November 2012.

“These acquisitions will contribute to the current and future growth of our attractive portfolio in health, nutrition and materials, resulting in stronger and more stable growth and profitability for DSM overall,” said Feike Sijbesma, CEO and Chairman of the DSM Managing Board.

By: Surinder Malhi
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