IHS Chemical Week

People & Business :: Earnings/Finance

DSM buys stake in pectins maker

1:13 PM MDT | May 21, 2013

DSM says that it has signed agreements to acquire a 19% equity interest in Yantai Andre Pectin (Yantai, China), a producer of texturing ingredients. Financial terms were not disclosed. The transaction is expected to close in the third quarter. The two companies have also agreed that DSM has option rights to increase its stake in Andre Pectin to a majority stake at a later date. Andre Pectin was established in 2003 and manufactures and sells apple and citrus pectin, a key food ingredient providing texture; as well as pectin-related health supplements. The company...

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