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DSM Chief Favors Takeovers in Nutrition to Expand Product Line
By Maaike Noordhuis - Sep 27, 2012 4:24 PM GMT+0200 .Facebook Share LinkedIn Google +1 0 Comments
Print QUEUEQ..Royal DSM NV (DSM), the world’s largest vitamins maker, is looking for acquisitions in its nutrition and performance materials units to keep expanding its product portfolio, Chief Executive Officer Feike Sijbesma said.
DSM has spent about 2.2 billion euros ($2.8 billion) on takeovers in the past two years as Sijbesma turned the Dutch company into a maker of nutritional supplements and engineering plastics, shaking off its traditional commodity chemicals businesses.
“A size of 400 to 500 million euros we like,” Sijbesma said in an interview today at an investor event in Kaiseraugst, Switzerland, referring to the annual sales of a takeover target. “Then you get a good feeling of the size of a company and you can do a good due diligence.”