July 19/Heerlen, The Netherlands/Press Release -- Royal DSM, the global Life Sciences and Materials Sciences company, has successfully completed the acquisition of Ocean Nutrition Canada, a global provider of fish-oil derived nutritional products to the dietary supplement and food and beverage markets. The acquisition, announced on May 18, 2012, strengthens and complements DSM's newly established, global Nutritional Lipids growth platform. The acquisition, for a total enterprise value of CAD 540 million, is expected to be EPS accretive from 2013 onward.
Feike Sijbesma, CEO and chairman of the DSM managing board, said, "With the completion of this transaction, we have now completed 1.7 billion euros worth of growth-enhancing acquisitions since we embarked on our current strategic plan less than two years ago, including nearly 1.3 billion euros in the nutrition cluster, as we continue to further improve our attractive portfolio in health, nutrition and materials to deliver shareholder value with stronger, more stable growth and profitability. After our successful acquisition of Martek in 2011, the acquisition of Ocean Nutrition Canada is the logical next step in developing our Nutritional Lipids into a major growth platform for our nutrition cluster."