Royal DSM, a global life sciences company, completed the acquisition of São Paulo, Brazil-based Tortuga Companhia Zootécnica Agrária, a nutritional supplements firm that specializes in pasture-raised beef and dairy cattle, for 440 million euros ($572.5 million).
Royal DSM said the acquisition strengthens its position in Brazil and the country's market for nutritional supplements and additives for ruminants. Tortuga also expands DSM's animal nutrition ingredients portfolio with organic trace minerals products.
"Completing the acquisition of Tortuga is a major step in the implementation of DSM's Nutrition strategy," said Stephan Tanda, member of the DSM Managing Board who is responsible for the Nutrition cluster. "Our attention is now fully focused on ensuring a smooth integration of the Tortuga business in a timely and efficient manner, with business continuity and customer satisfaction as key priorities for us while we welcome Tortuga's 1,200 employees to DSM."
