Acquisition boosts DSM's position in enzymes
August 05, 2008
by Jeff Gelski
Royal DSM N.V., Heerlen, The Netherlands, has acquired Valley Research Inc., South Bend, Ind., in a move designed to boost DSM’s global position in food enzymes.
"Our sales in food enzymes have shown strong growth in recent years," said Stephan Tanda, a member of the managing board of DSM. "It remains a very interesting growth area for DSM and is one of the ingredients in reaching our targets … This acquisition of Valley Research will reinforce our leading global position in food enzymes, and I expect Valley Research to generate additional value for our customers and shareholders."
Valley Research is a biotechnology company offering a range of enzymes supported by technical laboratories and production facilities.
"By joining DSM, we are convinced we have chosen the best company to take our know-how and products to the next level, assuring uninterrupted service for our customers and a new platform for further growth," said Art Sears, president of Valley Research.
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