Animal nutrition company Royal DSM (DSM) earlier this year acquired Bayer's China feed mill and vitamin premix business in Chengdu, Sichuan province, China.
The acquisition aimed to further strengthen DSM's vitamin premix brand ROVIMIX®'s position in the Chinese market.
DSM's animal nutrition business currently comprises of five vitamin premix plant in China, and the acquisition spells significant implications for future development of DSM in China, while at the same time broadening direct sales, and helping to improve existing distribution channels.
DSM Animal Nutrition and Health Officer, Louis Fuller spoke regarding the acquisition, "Bayer's operations in Chengdu had an outstanding track record and market image, a strong customer base and sales team. This acquisition once again demonstrates Royal DSM's strong commitment to global animal nutrition and health."
Royal DSM headquarted in the Netherlands, is a global animal nutrition company. DSM employs 23,500 employees worldwide and generates approximately 90 billion euros in annual sales.
DSM started business in China in 1963 establishing its first sales offices in the country, it opened its first manufacturing site in China opened in the early 1990s. DSM China regional headquarters and R&D are based in Shanghai. 2012 sales in China for the company were approximately $1.7 billion.