05.13.11
Strengthening the natural carotenoids offerings of its nutrition business, The Netherlands-based Royal DSM N.V. has signed an agreement with P&R Group (Italy) to acquire Vitatene S.A.U., León, Spain, a producer of natural carotenoids.
The transaction is subject to regulatory and other customary approvals and notifications and is expected to close by the end of Q2 2011. Financial details of the acquisition were not disclosed.
Founded in 2004, Vitatene is a leader in the production and sale of a range of high-value natural carotenoid products derived from fermentation of the fungus Blakeslea trispora. The products are sold under the brand names Betanat and Lyconat.
The transaction is subject to regulatory and other customary approvals and notifications and is expected to close by the end of Q2 2011. Financial details of the acquisition were not disclosed.
Founded in 2004, Vitatene is a leader in the production and sale of a range of high-value natural carotenoid products derived from fermentation of the fungus Blakeslea trispora. The products are sold under the brand names Betanat and Lyconat.