NEWS
Combining strengths
DSM to acquire Cargill’s cultures and enzymes business
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oyal DSM, the global Life Sciences and Materials Sciences company, has reached an agreement with Cargill to acquire Cargill’s cultures and enzymes business in an all-cash transaction for a total enterprise value of €85 million. The cultures and enzymes business of Cargill is a leading global manufacturer of cultures and enzymes for the dairy and meat industries with manufacturing operations in Wisconsin (USA) and France. The business generates net sales of about €45 million per year with approximately 200 employees. The combination of the two businesses will allow DSM to achieve its ambition to become a
tier one supplier of cultures and enzymes to the global dairy market and will greatly accelerate DSM’s growth plans for its business, which continues to benefit from consumer demand for more versatile dairy products. Stephan Tanda, member of the DSM managing board and responsible for the Nutrition cluster, said: “This is a very important growth enhancing acquisition for our Food Specialties business and fully fits our strategy as we continue to create value for all stakeholders by providing innovative, sustainable solutions to the world’s greatest current and future challenges.” Visit: www.dsm.com
Stephen Tanda
Clariant and Wilmar establish joint venture DSV acquires activities from C lariant Ltd, a world leader in speciality chemicals, and Wilmar International Limited, a leading Asian agribusiness group, have, through their respective subsidiaries, signed an agreement to establish a 50-50 joint venture as the global platform for production and sales
Hariolf Kottmann
DEUTZ, Bosch and Eberspächer restructure their alliance
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EUTZ AG, Robert Bosch GmbH and J. Eberspächer GmbH & Co. KG have decided to restructure their alliance in the field of exhaust after-treatment. To this end, DEUTZ and Eberspächer will sell their shares in Bosch Emission Systems GmbH (BESG) to the majority shareholder Bosch.
18 Industry Europe
of amines and selected amines derivatives. The joint venture will be headquartered in Singapore. “Wilmar and Clariant will leverage on their companies’ individual strengths to create a global platform with significant growth opportunities. With this first step, both partners are dedicated to creating a new leading player in the global amine and amine derivatives market,” said Clariant CEO Hariolf Kottmann. Clariant will contribute its Industrial & Consumer Specialties (ICS) Business Unit’s sales activities of relevant amines and defined derivatives to the joint venture as well as its amines plant in Germany and production output from its amines plant in Brazil. Headquartered in Muttenz, Switzerland, ICS has the highest sales volume in the Clariant Group and is one of the largest providers of speciality chemicals and application solutions for consumer care and industrial markets. Wilmar will contribute a new plant in China as well as its oleochemical expertise, including access to renewable raw materials. Visit: www.clariant.com The parties have agreed not to disclose the purchase price. The transaction is subject to approval from the antitrust authorities. DEUTZ and Bosch will intensify their future collaboration as part of an innovation partnership in the fields of exhaust after-treatment, diesel injection technology and electronics. The aim of this partnership will continue to supply DEUTZ with
AWT Čechofracht
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SV in Czech Republic has signed an agreement on the acquisition of certain activities from AWT Čechofracht a.s. AWT Čechofracht a.s. has a strong market position in the Czech Republic, offering several forwarding and logistics services. The agreement includes the road, air and sea freight activities and contract logistics of AWT Čechofracht and will strengthen the market position of all three DSV divisions in the Czech Republic. In the last 12 months, the activities acquired from AWT Čechofracht a.s. have generated revenue of approximately €30 million. “AWT Čechofracht a.s. is an important player with strong traditions in the Czech market. The activities acquired match the current DSV activities in the Czech Republic well and will furthermore create a complete local distribution network,” says group CEO Jens Bjorn Andersen. Visit: www.dsv.com
exhaust after-treatment systems. Since its establishment in 2010, BESG has supplied the modules for the diesel exhaust gas after-treatment systems of construction equipment, agricultural machinery and commercial vehicles such as trucks and buses. BESG employs around 180 people, who work at three sites in Germany. Visit: www.deutz.com
