July 11, 2014
DSM to acquire China-based Aland to strengthen vitamin C position
Royal DSM, the global Life Sciences and Materials Sciences company, has reached an agreement to acquire Aland (HK) Holding Limited, a Hong Kong-based company producing vitamin C in mainland China.
Aland was founded in 1990 and has a production facility in Jingjiang, Jiangsu Province in China. In 2013 the company realised net sales of about US$90 million in vitaminC with around 1,850 employees. The transaction excludes Aland''s consumer health activities.
Acquiring Aland, one of the leading Vitamin C manufacturers in China, allows DSMto further strengthen its position in vitamin C. Aland increases DSM''s global footprint in vitamins for Human Nutrition & Health, Animal Nutrition & Health and Personal Care. DSM also plans to invest in Aland''s production facilities for operational excellence including quality and environmental performance.
DSM remains fully committed to its current vitamin C manufacturing facility in Dalry (Scotland, United Kingdom). The acquisition fully meets DSM''s financial and strategic requirements.
Financial details will not be disclosed at this time. Subject to customary conditions, the transaction is expected to close in the next six to nine months. DSM previously announced on 9 April 2014 that it was in exclusive discussions to acquire Aland.