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DSM completes acquisition of stake in Chinese firm Andre Pectin

12:43 AM MDT | October 9, 2013 | Deepti Ramesh

DSM says that it has completed the previously announced acquisition of a 19% stake in Yantai Andre Pectin (Yantai, China), a producer of texturing ingredients. Financial terms have not been disclosed. DSM announced plans for this acquisition last May. DSM had previously acquired a 10% stake in Andre Pectin from Hony Capital, and, as a result, DSM's total stake in Andre Pectin is now 29%, the company says. The two companies have agreed that DSM has option rights to increase its stake in Andre Pectin to a majority stake at a later stage. Andre Pectin was...

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