DSM to acquire Dutch animal nutrition company Twilmij
Deal will strengthen presence in northwest Europe
DSM’s strategy in Animal Nutrition & Health is to offer tailor-made solutions to its customers leveraging its product portfolio and innovation capabilities. With the acquisition of Twilmij, it will further strengthen its foothold in the northwestern European markets. The geographic location in the middle of the Netherlands and close to the German border brings DSM closer to its customers and allows it to further improve its service levels.
Since its inception in 1963, Twilmij has successfully grown its business to net sales of approximately EUR70 million (US$84 million) (50,000 tons of premix production) in 2016. Twilmij is recognized by its customers and other stakeholders as an outstanding partner due to its excellent nutritional services, speed, and agility. The acquisition also includes Twilmij’s affiliated company Kwalipak B.V. which offers specialty small-pack solutions for specific applications for the feed industry.
Financial details will not be disclosed at this time. Subject to customary conditions, the transaction is expected to close in the next two to three months.