DSM acquires… and acquires…
Ocean Nutrition Canada and Fortitech… Royal DSM has been rampant in the acquisitions market in recent years and these two big deals kept momentum going.
DSM board member Stephan Tanda (pictured) told us that the buy that consolidates the Dutch giant as the biggest nutrient provider in the world, was the last major purchase the Dutch-Swiss firm would make for, “12-18 months”.
“We are done for a while and will now focus on 12-18 months of integration,” Tanda said. “We’ll make sure the business cases fully deliver on the bottom line.”
DSM has spent around €2.4bn on nine acquisitions in human and animal nutrition in recent years, including Cargill's cultures and enzymes business and omega-3 giants Ocean Nutrition Canada and Martek BioSciences – expanding the division’s turnover to an expected €4.6bn.