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DSM B.V.

DSM B.V.

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Publicatie datum 08 nov 2012 - 07:24
Statutaire naam DSM B.V.
Titel DSM to acquire Fortitech to strengthen human nutrition business
Bericht -DSM (NYSE Euronext: DSM KON) to acquire Fortitech for total enterprise value of USD 634 million (about €495 million) in cash -Fortitech expected 2013 net sales: about USD 270 million, with EBITDA of about USD 70 million, including synergies and excluding exceptional items -Fortitech, headquartered in the USA, is a global leader in food ingredient blends for the food & beverage, infant nutrition and dietary supplements industries -Acquisition will accelerate DSM's strategy to become a full solutions provider in food ingredient blends -Acquisition will expand DSM's value chain presence -Significant cost synergies estimated at 10% of net sales, fully realized by 2015 -One-time synergies estimated at USD 70 million, primarily capital expenditure avoidance -Value creating acquisition; EPS accretive in first year after closing