Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

DSM Will Purchase U.S. Nutrition Firm

by Alex Scott
November 12, 2012 | A version of this story appeared in Volume 90, Issue 46

DSM has agreed to acquire Schenectady, N.Y.-based Fortitech, a producer of ingredient blends for the food and dietary supplement industries, for $634 million in cash. Fortitech, which has 520 employees, expects to generate sales of about $270 million next year. DSM predicts that the deal will enable the firm to save $70 million, primarily by avoiding capital expenditures, and that it will bring cost savings of 10% of sales by 2015. The acquisition is set to push annual sales of DSM’s nutrition division to about $6 billion. In the past two years, DSM has announced $3.6 billion worth of acquisitions, of which $3.1 billion has been in the nutrition field.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.