DSM to acquire Vitatene S.A.U. to expand position in natural carotenoids
(Thomson Reuters ONE) -
Royal DSM, the global Life Sciences and Materials Sciences company, announces
today that it has signed an agreement with P&R Group (Italy) to acquire Vitatene
S.A.U., based in León (Spain), a producer of natural carotenoids. The
acquisition of Vitatene allows DSM to strengthen the natural carotenoids
offerings of its nutrition business as consumer demand for natural products
continues to grow.
The transaction is subject to regulatory and other customary approvals and
notifications and is expected to close by the end of Q2 2011. Financial details
of the acquisition will not be disclosed at this time.
Founded in 2004, Vitatene is a leader in the production and sale of a range of
high-value natural carotenoid products derived from fermentation of the fungus
Blakeslea trispora. The products are sold under the brandnames Betanat and
Lyconat. The products are an addition to DSM's current portfolio of highly
functional carotenoids, ranging from beta-carotene to lutein and zeaxanthin.
Leendert Staal, President and CEO of DSM Nutritional Products, said: "This
acquisition fits perfectly with our strategy "DSM in motion: driving focused
growth". Consumer demand for natural products continues to grow. Vitatene is an
excellent fit with DSM's current product portfolio and technological
capabilities and will allow us to drive the growth in natural carotenoids."
Carlo Pizzocaro, CEO of P&R Group, said: "It is great that we have found such a
strong new home for Vitatene's business. We believe this is excellent news for
our customers and Vitatene's staff. We will work with DSM to make the transfer
as smooth as possible to guarantee business continuity for our customers and
thank them for their loyalty."
Carotenoids are naturally occurring fat-soluble pigments that are synthesized by
plants, algae and photosynthetic bacteria. They are the sources of the yellow,
orange, and red colors in many plants, such as the orange-red colors of oranges,
tomatoes and carrots and the yellow colors of many flowers.
Carotenoids have important benefits in human health. The role of some
carotenoids (such as beta-carotene) as the main dietary source of vitamin A has
been well studied. In addition, potential protective effects of carotenoids
against degenerative eye diseases and other deficiency-related disorders have
been recognized. In addition, beta-carotene is an effective and safe natural
color. The product forms available allow carotenoids to be used in dietary
supplements, beverages and a wide variety of other food applications.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. is a global science-based company active in health, nutrition and
materials. By connecting its unique competences in Life Sciences and Materials
Sciences DSM is driving economic prosperity, environmental progress and social
advances to create sustainable value for all stakeholders. DSM delivers
innovative solutions that nourish, protect and improve performance in global
markets such as food and dietary supplements, personal care, feed,
pharmaceuticals, medical devices, automotive, paints, electrical and
electronics, life protection, alternative energy and bio-based materials. DSM's
22,000 employees deliver annual net sales of about ? 9 billion. The company is
listed on NYSE Euronext. More information can be found at www.dsm.com
For more information:
DSM Corporate Communications DSM Investor Relations
Herman Betten Hans Vossen
tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864
fax +31 (0) 45 5740680 fax +31 (0) 10 4590275
e-mail media.relations(at)dsm.com e-mail investor.relations(at)dsm.com
Press release-pdf:
http://hugin.info/130663/R/1513709/449591.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DSM N.V. via Thomson Reuters ONE
[HUG#1513709]
Unternehmensinformation / Kurzprofil:
Datum: 10.05.2011 - 08:15 Uhr
Sprache: Deutsch
News-ID 54447
Anzahl Zeichen: 4789
contact information:
Town:
Heerlen
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 230 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DSM to acquire Vitatene S.A.U. to expand position in natural carotenoids"
steht unter der journalistisch-redaktionellen Verantwortung von
DSM N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
