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DSM B.V.

DSM B.V.

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Publicatie datum 08 aug 2012 - 07:25
Statutaire naam DSM B.V.
Titel DSM to acquire Tortuga to strengthen animal nutrition business
Bericht DSM (NYSE Euronext: DSM KON) to acquire Tortuga for total enterprise value of about €465 million in cash Tortuga expected 2012 net sales: about €385 million, with EBITDA of about €60 million Tortuga is the leader in nutritional supplements for ruminant/beef cattle market in Brazil Acquisition will strengthen DSM's presence in the significant and highly attractive animal nutrition market in Latin America Tortuga offers excellent revenue synergies for DSM to supply existing vitamins and other products via Tortuga Acquisition extends DSM's current nutritional ingredients range to include organic trace mineral additives with excellent fit into DSM's animal nutrition portfolio for further global expansion Acquisition consistent with DSM's strategic focus on High Growth Economies Value creating acquisition; immediately EPS accretive