Royal DSM, global Life Sciences and Materials Sciences company, has successfully completed the purchase of Cargill's cultures and enzymes business.
The acquisition, announced on 26 October 2012, will enable DSM to achieve its ambition of becoming a global tier one dairy ingredients supplier.
The cultures and enzymes business of Cargill is an international manufacturer of cultures and enzymes for the dairy and meat industries with manufacturing operations in Wisconsin (USA) and France. It has a strong pipeline of new products built on three pillars of technology: culture texture toolbox, fast acidification for cheese yield improvements and culture flavor systems. The business generates net sales of about €45 million per year with approximately 200 employees.
The market for cultures and enzymes is valued at over €1 billion, growing steadily at more than 5% per annum. Applications are primarily found in dairy products which continue to have a healthy and tasty appeal to consumers worldwide. The growing diversity of dairy products requires versatile culture offerings enhancing taste, texture and mouth feel characteristics as well as health benefits (lower fat, less sugar, etc.) and convenience.
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