DSM acquires Ocean Nutrition Canada $534 million

DSM acquires Ocean Nutrition Canada for $534 million

9:28 AM, 19th July 2012
DSM acquires Ocean Nutrition Canada for $534 million
Feike Sijbesma, Chairman and CEO, DSM.

HEERLEN, THE NETHERLANDS: Royal DSM has successfully completed the acquisition of Ocean Nutrition Canada, the leading global provider of fish-oil derived nutritional products to the dietary supplement and food and beverage markets. The acquisition, announced on 18 May 2012, strengthens and complements DSM’s newly established, global Nutritional Lipids growth platform. The acquisition totals an enterprise value of CAD 540 million ($534 million).

The acquisition is expected to accelerate revenue growth through material revenue synergies with expanded distribution, marketing and product development. Customary operational efficiencies will also be realized in the integration process.

“With the completion of this transaction we have now completed €1.7 billion worth of growth enhancing acquisitions since we embarked on our current strategic plan less than two years ago, including nearly €1.3 billion in the Nutrition cluster, as we continue to further improve our attractive portfolio in health, nutrition and materials to deliver shareholder value with stronger, more stable growth and profitability. After our successful acquisition of Martek in 2011, the acquisition of Ocean Nutrition Canada is the logical next step in developing our Nutritional Lipids into a major growth platform for our Nutrition cluster,” said Feike Sijbesma, Chairman and CEO, DSM.

© WOC News



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