DSM Investing in Yantai Andre Pectin
Royal DSM, the global Life Sciences and Materials Sciences company, announced it has signed agreemen…Royal DSM, the global Life Sciences and Materials Sciences company, announced it has signed agreements to acquire a 19% equity interest in Yantai Andre Pectin Co. Ltd. (Andre Pectin), a China-based producer of texturing ingredients.
In addition, the parties have agreed that DSM has option rights to increase its stake in Andre Pectin to a majority stake at a later stage. The agreements are subject to customary approvals and certain closing conditions, including the approval of the selling party’s shareholders. Closing is expected in Q3 2013.
