Royal DSM N.V. (RDSMY.PK), a life and material science company, reported the completion of the acquisition of a 19% interest in Yantai Andre Pectin Co. Ltd., a China-based producer of texturing ingredients.
Previously, DSM had purchased a 10% stake in Andre Pectin from Hony Capital. DSM's total shareholding in Andre Pectin is currently 29%. The parties agreed that DSM has option rights to increase its stake in Andre Pectin to a majority stake at a later stage.
DSM said its investment in Andre Pectin, synergistically combined with the prior acquired China-based gellan gum assets, creates a China-based hydrocolloids growth platform, in line with its strategy for the Nutrition cluster, continued value growth.
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