Heerlen, NL, 02 Oct 2020 08:00 CEST
Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, today announces the completion of its acquisition of Erber Group for an enterprise value of €980 million. The transaction - which excludes two smaller units in the Erber Group - is expected to be earnings enhancing in the first year upon completion. The acquisition of Erber Group was first announced on 12 June 2020.
DSM acquired Erber Group's Biomin and Romer Labs. Erber Group's specialty animal nutrition and health business Biomin specializes primarily in mycotoxin risk management and gut health performance management, whereas the Romer Labs business focuses on food and feed safety diagnostic solutions. Both expand DSM's range of higher value-add specialty solutions.
The acquisition of Erber Group's Biomin further strengthens DSM's expertise and reputation as a leading provider of animal health and nutrition solutions for farm productivity and sustainability, with an emphasis on emissions reduction, feed consumption efficiency, and better use of water and land. It is therefore very much aligned with DSM's focus to make animal farming more sustainable from both an ecological and economical perspective. Romer Labs also complements DSM's human nutrition and health offering to customers in the food & beverages market segments.
Koninklijke DSM NV published this content on 02 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2020 06:14:07 UTC