DSM Completes Ocean Nutrition Canada Acquisition

HEERLEN, The NetherlandsRoyal DSM, the global Life Sciences and Materials Sciences company, completed its acquisition of Ocean Nutrition Canada (ONC) for 420 million in cash. The acquisition extend DSMs portfolio of omega-3 fatty acids and strengthens DSMs global Nutritional Lipids growth platform, based on healthy, polyunsaturated fatty acids (PUFAs).

Based in Halifax, Canada, ONC is the worlds largest supplier of fish-oil derived omega-3 fatty acids (EPA and DHA) to the dietary supplement and food and beverage markets. ONCs fish-derived omega-3 products are highly complementary to DSMs microbial DHA and ARA products as they address different customer needs and reach different market segments.

The acquisition strengthens and complements DSMs newly established, global Nutritional Lipids growth platform. It also strengthens the companys position in the North American dietary supplement market by adding fish-oil derived omega-3 fatty acids to its portfolio and allows DSM to further leverage its global infrastructure to expand ONCs sales in dietary supplement markets outside North America and in the food and beverage markets worldwide.

Commenting on the transaction, Feike Sijbesma, CEO and Chairman of the DSM Managing Board, said: With the completion of this transaction we have now completed 1.7 billion worth of growth enhancing acquisitions since we embarked on our current strategic plan less than two years ago, including nearly 1.3 billion in the Nutrition cluster, as we continue to further improve our attractive portfolio in health, nutrition and materials to deliver shareholder value with stronger, more stable growth and profitability. After our successful acquisition of Martek in 2011, the acquisition of Ocean Nutrition Canada is the logical next step in developing our Nutritional Lipids into a major growth platform for our Nutrition cluster."

The acquisition of Ocean Nutrition Canada is the fifth acquisition in the Nutrition cluster since DSM in September 2010 announced its corporate strategy DSM in motion: driving focused growth. These acquisitions form an integral part of DSMs strategy for its Nutrition cluster and will contribute to the current and future growth of DSMs attractive portfolio in health, nutrition and materials. The resulting stronger, more stable growth and profitability will enable DSM to continue to deliver shareholder value.