DSM's Purchase of Martek Complete

DSM's Purchase of Martek Complete

February 28/Amsterdam/ADP News Netherlands -- DSM has finalized the previously announced acquisition of U.S. Martek Biosciences, a specialist in baby food ingredients, for some 790 million euros ($1.1 billion).

DSM, which announced the deal in December 2010, expects that it will immediately boost its annual earnings per share by 0.15-0.20 euros.

Following the completion of the transaction, Martek is now a 100% subsidiary of DSM.

The U.S. company has 600 employees and sales of $450 million per year.

From the March 1, 2011, Prepared Foods' Daily News
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