Royal DSM, a global life sciences and materials sciences company, has completed the acquisition of Tortuga Companhia Zootécnica Agrária, a nutritional supplements company with a focus on pasture raised beef and dairy cattle, for a total enterprise value of about €440 million (US$575.8 million). The acquisition was announced in August 2012.
“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. "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.”
Full-scale integration will now begin. A dedicated integration team consisting of both DSM and Tortuga representatives will work diligently to assess the best way to execute the integration while focusing on future synergy generation.
“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. "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.”
Full-scale integration will now begin. A dedicated integration team consisting of both DSM and Tortuga representatives will work diligently to assess the best way to execute the integration while focusing on future synergy generation.
No comments:
Post a Comment