DSM to acquire Fortitech
SCHENECTADY, N.Y. — Royal DSM has entered an agreement to acquire Fortitech, Inc. The company will become part of DSM’s Human Nutrition and Health business.
“The acquisition of Fortitech will help us to expand our value chain presence and to deliver more value to our customers,” said Leendert Staal, president and chief executive officer of DSM Nutritional Products. “With Fortitech and its workforce, DSM will be able to deliver customized food ingredient premixes and blends to our customers while at the same time strengthening our international footprint. Fortitech will become an important part of the Human Nutrition and Health business within DSM Nutritional Products. I look forward to welcoming Fortitech’s 520 employees to DSM.”
The companies said the combination will be one of the leading companies in the development and manufacture of food ingredient blends for the food and beverage, infant nutrition and dietary supplements industries.
“Our combined global capabilities deliver a deeper and more comprehensive resource for providing our customers with innovative customized products,” said Walter S. Borisenok, president and chief executive officer of Fortitech. “Together we boast a brighter and stronger scientific research database and unsurpassed technical excellence that will enable us to bring superior value to our products and services.”
The acquisition is expected to close by the end of the year.