Dutch Take Brazilian Animal Supplement Maker

Dutch Take Brazilian Animal Supplement Maker

Brazil Europe M&A

Dutch vitamin maker Royal DSM has agreed to acquire Tortuga, a privately-held Brazilian animal nutritional supplement company, for EUR465m ($575m) cash, it says. The move is another example of a European diversifying in to higher-growth markets, as DSM tries to realign its portfolio towards emerging economies. An adjustment can be made to the purchase price bringing the total to as much as EUR490m, based on the actual 2012 Ebitda results and using the same multiple, DSM says. The deal comes at a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial