Interesting30 Jan 2019 21:19
produce Vitamin E
Heerlen, NL, 29 Jan 2019 08:00 CET
Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, today announced that it intends to create a 75/25 joint venture with Nenter & Co., Inc., which will include all Nenter’s production and related assets for Vitamin E.
In order to fulfill its future need for Vitamin E, DSM will acquire a 75% shareholding in the joint venture, for a cash consideration of about € 135 million, representing an EV/EBITDA multiple of roughly 6x based on the estimated 2019 EBITDA generated by Nenter’s Vitamin E business.