DSM completes acquisition of Erber Group worth EUR 980 mln
Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, today announces the completion of its acquisition of Erber Group for an enterprise value of EUR 980 mln. DSM acquired Erber Group’s Biomin and Romer Labs.
The company notes that the acquisition of Erber Group’s Biomin further strengthens DSM’s expertise and reputation as a leading provider of animal health and nutrition solutions for farm productivity and sustainability, with an emphasis on emissions reduction, feed consumption efficiency, and better use of water and land.
"It is therefore very much aligned with DSM’s focus to make animal farming more sustainable from both an ecological and economical perspective. Romer Labs also complements DSM’s human nutrition and health offering to customers in the food & beverages market segments," the company says in a statement.
The transaction is expected to be earnings enhancing in the first year upon completion. The acquisition of Erber Group was first announced on 12 June 2020.
Previously reported that Louis Dreyfus Company was considering opening the family company to outside ownership for the first time in its 169-year history — to Abu Dhabi sovereign wealth fund ADQ.