DSM announces Fortitech deal
Royal DSM is strengthening its human nutrition business with the acquisition of Fortitech for £399 million (€499m).
New York-based Fortitech manufactures customised, value-added food ingredient blends for the food and beverage industries
“Customers in food and beverage are increasingly looking for solutions providers offering a broad range of food ingredient blends that cover a more comprehensive portfolio of ingredients,” says a DSM spokesman. “Our Human Nutrition and Health (HNH) premix business is a channel to market primarily for our own nutritional ingredients. Meanwhile, Fortitech offers customised solutions in blends with a highly responsive and flexible customer service model. It works with a broad range of externally sourced nutrients and food ingredients, including vitamins, minerals, nucleotides, amino acids, herb extracts, nutraceuticals, flavours, seasonings, colours, caffeine, proteins, sweeteners, carbohydrates and enzymes.”
DSM says the acquisition of Fortitech will accelerate its strategy to become a full solutions provider in food ingredient blends.
“The acquisition will expand our value chain presence, while adding additional capabilities to our business,” adds the spokesman.
The deal is expected to be completed before the end of the year.
