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Royal DSM completes acquisition of Royal CSK

February 14/2020

MOSCOW (MRC) -- Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, has recently announces the completion of the acquisition of a 100% interest in specialty dairy solutions provider Koninklijke CSK Food Enrichment C.V. (CSK) for a cash consideration of about EUR150 million, as per the company's press release.

The acquisition of CSK was first announced on November 18, 2019.

The highly complementary combination of DSMs dairy business and CSKs business greatly strengthens DSMs ability to serve the needs of dairy industries worldwide, and makes the company well-placed to address the fast-growing and attractive dairy cultures markets.

As MRC informed earlier, in June 2019, Royal DSM announced the strengthening of its leadership in high-performance specialty polymers with the operational launch of a new production line for Arnitel in Emmen, the Netherlands.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,093,260 tonnes in 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments rose from both domestic producers and foreign suppliers. The estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).

Royal DSM is a global science-based company active in health, nutrition and materials. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, PP random copolymer, adhesives, poliamid, DSM, Polyamide PA66, Netherlands, Russia.
Category:General News
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