Royal DSM announced that it has completed the acquisition of Tortuga Companhia Zootécnica Agrária (Tortuga), Sao Paulo, Brazil, for a total enterprise value of about €440 million (BRL 1,160 million).
Tortuga is the Brazilian market leader in organic trace minerals for animal nutrition and health with a focus on pasture raised beef and dairy cattle. It has approximately 1,200 employees.
Full scale integration will now begin. A dedicated integration team consisting of both DSM and Tortuga representatives will work diligently to assess the best way to execute the integration while focusing on future synergy generation.
- Royal DS, Heerlen, the Netherlands