11.01.12
Royal DSM said it is working to acquire Cargill’s cultures and enzymes business, a global manufacturer of cultures and enzymes for the dairy and meat industries with manufacturing operations in Wisconsin and France. Its new products pipeline is built on three pillars of technology: culture texture toolbox, fast acidification for cheese yield improvements and culture flavor systems. The business generates net sales of about €45 million per year with approximately 200 employees.
The global market for cultures and enzymes is valued at more than €1 billion, growing steadily at more than 5% per annum. A possible combination of the Cargill cultures and enzymes business with the dairy business of DSM Food Specialties would be highly complementary, creating a strong global player and enabling DSM to propel sales growth as well as capture sizable synergies in global manufacturing, customer reach, as well as innovation capabilities in biotechnology and SG&A.
A successful acquisition of the Cultures and Enzymes business of Cargill would be the eighth acquisition in the nutrition cluster since DSM announced its corporate strategy “DSM in motion: driving focused growth” in September 2010.
Both companies are now engaging in the information and consultation process with employee representative bodies in the relevant countries.
The global market for cultures and enzymes is valued at more than €1 billion, growing steadily at more than 5% per annum. A possible combination of the Cargill cultures and enzymes business with the dairy business of DSM Food Specialties would be highly complementary, creating a strong global player and enabling DSM to propel sales growth as well as capture sizable synergies in global manufacturing, customer reach, as well as innovation capabilities in biotechnology and SG&A.
A successful acquisition of the Cultures and Enzymes business of Cargill would be the eighth acquisition in the nutrition cluster since DSM announced its corporate strategy “DSM in motion: driving focused growth” in September 2010.
Both companies are now engaging in the information and consultation process with employee representative bodies in the relevant countries.
