Royal DSM, a global life sciences and materials sciences company, has completed the acquisition of Tortuga Companhia Zootécnica Agrária, a nutritional supplements company with a focus on pasture raised beef and dairy cattle, for a total enterprise value of about €440 million (US$575.8 million). The acquisition was announced in August 2012.
“Completing the acquisition of Tortuga is a major step in the implementation of DSM’s Nutrition strategy,” said Stephan Tanda, member of the DSM managing board. “Our attention is now fully focused on ensuring a smooth integration of the Tortuga business in a timely and efficient manner, with business continuity and customer satisfaction as key priorities for us while we welcome Tortuga’s 1,200 employees to DSM.”
Full-scale integration will now begin. A dedicated integration team consisting of both DSM and Tortuga representatives will work diligently to assess the best way to execute the integration while focusing on future synergy generation.