The transaction, for a total enterprise value of $634m strengthens DSM’s Human Nutrition and Health business, by expanding the company’s value chain presence and adding additional capabilities. As a result of the acquisition, announced on 8 November, approximately 520 employees are joining DSM.
Feike Sijbesma, CEO and chairman of the DSM managing board, said: “The acquisition of Fortitech is the ninth acquisition in the Nutrition cluster since we announced our corporate strategy DSM in motion: driving focused growth in September 2010.
“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.”
Source: DSM
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