DSM to acquire US nutrition firm for $634 million

DSM has entered into an agreement to acquire Fortitech (Schenectady, NY) in an all-cash transaction valued at $634 million. Fortitech is a leader in customized, value-added food-ingredient blends for the food and beverage, infant nutrition, and dietary-supplement industries, DSM says. Fortitech employs a workforce of 520 and has 6 production sites. The sites are in New York, California, Brazil, Malaysia, Denmark, and Poland. Fortitech also has offices in China and Mexico. Fortitech’s net sales are expected to reach $270 million in 2013, with an Ebitda of...

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