DSM completes acquisition of Tortuga
(Thomson Reuters ONE) -
Royal DSM, the global Life Sciences and Materials Sciences company, announces
today that it has completed the acquisition of Tortuga Companhia Zootécnica
Agrária (Tortuga), a nutritional supplements company with a focus on pasture
raised beef and dairy cattle for a total enterprise value of about ?440 million
(BRL 1,160 million). The acquisition was announced on 8 August 2012.
Tortuga, the Brazilian market leader in organic trace minerals for animal
nutrition and health with a focus on pasture raised beef and dairy cattle,
strengthens DSM's position in nutritional supplements and additives for
ruminants and our presence in Brazil, one of the leading ruminant markets in the
world.
Tortuga also broadens DSM's animal nutrition ingredients portfolio with the
highly attractive organic trace minerals, while offering many value creating
synergies. Tortuga is headquartered in Sao Paulo, Brazil with approximately
1,200 employees.
Stephan Tanda, Member of the DSM Managing Board and responsible for the
Nutrition cluster, commented: "Completing the acquisition of Tortuga is a major
step in the implementation of DSM's Nutrition strategy. Our attention is now
fully focused on ensuring a smooth integration of the Tortuga business in a
timely and efficient manner, with business continuity and customer satisfaction
as key priorities for us while we welcome Tortuga's 1,200 employees to DSM."
Full scale integration will now begin. A dedicated integration team consisting
of both DSM and Tortuga representatives will work diligently to assess the best
way to execute the integration while focusing on future synergy generation.
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
23,500 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.
Or find us on:
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 fax +31 (0) 10 4590275
e-mail investor.relations(at)dsm.com
Press release-pdf:
http://hugin.info/130663/R/1690588/555022.pdf
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Source: DSM N.V. via Thomson Reuters ONE
[HUG#1690588]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2013 - 08:15 Uhr
Sprache: Deutsch
News-ID 246590
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"DSM completes acquisition of Tortuga"
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