DSM Finalizes Acquisition of Vitamin C Producer Aland
31 Mar 2015 --- Global Life Sciences and Materials Sciences company DSM has announced it has finalized the acquisition of Aland, a Hong Kong-based company producing vitamin C in mainland China.
The acquisition was first announced on 11 July 2014, while in August of the same year DSM said it expected the Aland acquisition to take six to nine months. It also announced the acquisitions of Netherlands-based company Niaga.
Aland was founded in 1990 and is one of the leading Vitamin C manufacturers in China. It has a production facility in Jingjiang, Jiangsu Province in China. In 2014 the company realized net sales of about USD 110 million in vitamin C with around 1,800 employees.
The transaction excludes Aland’s consumer health activities. DSM – Bright Science. Brighter Living.
Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously.
DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials.
DSM and its associated companies deliver annual net sales of about €10 billion with approximately 25,000 employees. The company is listed on Euronext Amsterdam. More information can be found at www.dsm.com.
