9 October 2013
Details
Royal DSM,
has completed the acquisition of a 19 % equity interest in
Yantai Andre Pectin Co., Ltd. (Andre Pectin),
a china based producer of texturing ingredients.
DSM has previously acquired a 10 % stake in Andre Pectin from
Hony Capital and DSM's total interest is now 29 %.
The parties have agreed that DSM has option rights to
increase its stake in Andre Pectin to a majority stake at a later stage.
About Andre Pectin
- Andre Pectin, headquartered in Yantai (Shandong Province, China),
was established in 2003 and is active in the manufacturing and sale of
* apple and citrus pectin, a key food hydrocolloid providing texture,
* as well as pectin related food products.
- Andre Pectin realizes annual net sales of around Euro30 million.
As the only successful global pectin market entrant in the past 20 years,
- Andre Pectin is the only significant pectin manufacturer in Asia
with premier access to
the world's fastest growing specialty food ingredients market.
Benefit to Royal DSM
DSM's investment in Andre Pectin, synergistically combined with
the previously acquired gellan gum assets based in China, creates a
China-based hydrocolloids growth platform,
in line with DSM's strategy for the
Nutrition cluster, Continued Value Growth.
About global hydrocolloids market
- With a market size of around Euro 6 billion with
an annual average growth rate of 3-5 %,
the global hydrocolloids market provides an attractive growth area
to leverage DSM's bio-ingredients capabilities and global customer access.
- Some food hydrocolloids,
such as pectin and gellan gum process unique properties
that are highly relevant to a broad range of
processed and healthy food applications.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
