Royal DSM, a global life sciences and materials sciences company, has entered into a definitive agreement to acquire nutritional supplement company Tortuga Companhia Zootécnica Agrária in an all-cash transaction for a total enterprise value of about €465 million.
The acquisition of Tortuga allows DSM to capture value from its extended value chain presence with a broad portfolio of nutritional ingredients for animal nutrition, while leveraging its strong international footprint, according to DSM. The transaction will also strengthen DSM’s presence in Brazil, the leading global beef producer and exporter with an attractive expected growth, and will give DSM additional sales channels in the Brazilian market.
Subject to customary conditions, the transaction is expected to close in the first quarter of 2013.
