Royal DSM acquires Yantai Andre Pectin 19 per cent equity interest

DSM acquires 19 pc stake in Chinese firm, Andre Pectin

9:11 AM, 10th October 2013
Royal DSM business acquisition news

HEERLEN, THE NETHERLAND: Royal DSM, the global Life Sciences and Materials Sciences company, has completed the acquisition of a 19 per cent equity interest in Yantai Andre Pectin Co Ltd, a China based producer of texturing ingredients. The acquisition was announced on 5 May 2013.

DSM had previously acquired a 10 per cent stake in Andre Pectin from Hony Capital. DSM’s total interest in Andre Pectin is now 29 per cent. The parties have agreed that DSM has option rights to increase its stake in Andre Pectin to a majority stake at a later stage.

DSM’s investment in Andre Pectin, synergistically combined with the previously acquired gellan gum assets based in China, creates a China-based hydrocolloids growth platform, in line with DSM’s strategy for the Nutrition cluster, Continued Value Growth.

 

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