“The acquisition will strengthen DSM's ability to provide integrated nutritional solutions, capturing increased value from know-how and animal nutrition advisory services,” the company said.
It’s the seven company DSM has bought since its September 2010 reinvention as a global firm focused on life sciences. Other acquisitions include omega-3 firms Martek BioSciences and Ocean Nutrition Canada.
"With the acquisition of Tortuga we have announced €2.2 billion worth of growth enhancing acquisitions, of which €1.8 billion is in our Nutrition cluster, since we embarked on our current strategic plan less than two years ago,” saidFeike Sijbesma, CEO and chairman of the DSM managing board.
The Sao Paolo acquisition is expected to earn in €385m in 2012, with EBITDA of about €60m. The global cattle supplements market is estimated at about €4bn and growing at 3% per year.
