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    DSM   NL0000009827

ROYAL DSM N.V.

(DSM)
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Royal DSM N : DSM completes the acquisition of First Choice Ingredients

10/19/2021 | 02:12am EST

Heerlen, NL, 19 Oct 2021 08:00 CEST

Royal DSM, a global purpose-led science-based company, today announces the completion of its acquisition of First Choice Ingredients for an enterprise value of US$453 million. The acquisition of First Choice Ingredients, a leading supplier of dairy-based savory flavorings, was first announced on 3 September 2021.

First Choice Ingredients has built a leading position in the US taste market as an innovation partner with food producers, flavor houses and food service suppliers. The company ferments and blends a variety of natural dairy products to develop clean label, dairy and dairy-based savory flavorings for taste and functional solutions across a wide range of applications.

This acquisition by DSM will be highly synergetic for both companies. DSM can further accelerate the growth of First Choice Ingredients by offering their products outside the US to DSM's broad global customer base and integrating their solutions in DSM's full offering on taste, texture and health in sustainable solutions for Food & Beverage customers. The acquisition gives First Choice Ingredients access to DSM's world-leading biotechnology toolbox, fermentation know-how, and global customer relationships.

Disclaimer

Koninklijke DSM NV published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 06:11:09 UTC.


© Publicnow 2021
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Sales 2021 9 024 M 10 213 M 10 213 M
Net income 2021 1 507 M 1 706 M 1 706 M
Net Debt 2021 1 153 M 1 304 M 1 304 M
P/E ratio 2021 23,6x
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EV / Sales 2021 3,78x
EV / Sales 2022 3,55x
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Number of Analysts 25
Last Close Price 193,15 €
Average target price 186,77 €
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Dimitri de Vreeze Co-Chief Executive Officer & COO
Géraldine Matchett Co-Chief Executive Officer & CFO
Thomas Leysen Chairman-Supervisory Board
Eileen A. Kennedy Member-Supervisory Board
Pradeep Pant Member-Supervisory Board
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