The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

DSM-Firmenich has solidified its position in the specialty food ingredient sector by increasing its shareholding in Yantai DSM Andre Pectin Company Limited (Andre Pectin) to 90.5%.

This move follows the acquisition of an additional 15.5% of shares, building upon the 75% stake the company previously held.

Andre Pectin, founded in 2003 and headquartered in Yantai (Shandong Province, China), is known for producing high-quality apple and citrus pectin. This key ingredient is widely used in food and beverage applications, particularly in jams, jellies, and other gelled products, as well as in certain health supplements.

The remaining 9.5% of shares will continue to be held by Rich Spring Holdings Limited. Financial specifics of the transaction have not been disclosed, aligning with the company’s policy on confidentiality regarding share transactions.

This acquisition is part of DSM-Firmenich's broader strategy to expand its portfolio in nutrition and health sectors, leveraging its expertise in natural and renewable ingredients. The increased ownership allows DSM-Firmenich to enhance its operational control and innovation capabilities within the specialty ingredients market.

Financial specifics of the transaction have not been disclosed.