DSM completes acquisition of Cargill's cultures and enzymes business
(Thomson Reuters ONE) -
Royal DSM, the global Life Sciences and Materials Sciences company, announced
today that it has successfully completed the acquisition of Cargill's cultures
and enzymes business. The acquisition, announced on 26 October 2012, will enable
DSM to become a global tier one dairy ingredients supplier.
The cultures and enzymes business of Cargill is a global leading manufacturer of
cultures and enzymes for the dairy and meat industries with manufacturing
operations in Wisconsin (USA) and France. It has a strong pipeline of new
products built on three pillars of technology: culture texture toolbox, fast
acidification for cheese yield improvements and culture flavor systems. The
business generates net sales of about ?45 million per year with approximately
200 employees.
The market for cultures and enzymes is valued at over ?1 billion, growing
steadily at more than 5% per annum. Applications are primarily found in dairy
products which continue to have a healthy and tasty appeal to consumers
worldwide. The growing diversity of dairy products requires versatile culture
offerings enhancing taste, texture and mouth feel characteristics as well as
health benefits (lower fat, less sugar, etc.) and convenience.
By combining Cargill's cultures and enzymes business with the dairy business of
DSM Food Specialties, a strong global player will be created, enabling DSM to
accelerate sales and capture meaningful synergies in global manufacturing and
customer reach as well as innovation capabilities in biotechnology and SG&A.
The combination of the two businesses will allow DSM to achieve its ambition to
become a tier one supplier of cultures and enzymes to the global dairy market
and will greatly accelerate DSM's growth plans for its business, which continues
to benefit from strong consumer demand for more versatile dairy products. The
acquisition further strengthens DSM's global position in dairy ingredients with
enzymes, PUFAs, vitamins, cultures, probiotics, bio actives, preservation
systems and tests.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM 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 around ?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 Dave Huizing
tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864
e-mail media.relations(at)dsm.com e-mail investor.relations(at)dsm.com
Press Release-pdf:
http://hugin.info/130663/R/1663111/539273.pdf
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Source: DSM N.V. via Thomson Reuters ONE
[HUG#1663111]
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Datum: 06.12.2012 - 18:15 Uhr
Sprache: Deutsch
News-ID 210515
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