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Jun 12 2020, 08:25 IST/BST
DSM-Firmenich
To acquire animal nutrition businesses of Erber Group in 14x deal
- Sectors : Foods
- Companies : DSM-Firmenich
DAVY VIEW
DSM has announced the acquisition of the animal nutrition and health businesses of Erber Group in a deal valued at c.14x EBITDA. DSM’s Animal Nutrition and Health platform has been a key driver of value creation for the group. The acquired businesses have a strong focus on R&D – reflected in Erber’s healthy operating margins. Erber Group literature suggests a strong emphasis on sustainability. We view the acquisition as complementary to DSM’s existing platform and will enhance its Animal Nutrition capability set.
