DSM strengthens Asian nutrition position through Unitech acquisition
Royal DSM has acquired Unitech Industries Limited (Unitech), a New Zealand based producer of nutriti…Royal DSM has acquired Unitech Industries Limited (Unitech), a New Zealand based producer of nutritional products for both human and animal markets. Financial details are not disclosed at this time.
The acquisition, which fully meets DSM's financial and strategic requirements, has closed. With the acquisition of Unitech, DSM has production facilities in over 40 countries in its Nutrition business.
Unitech, based in Auckland (New Zealand), was founded in 1970 and focuses primarily on the manufacture and sale of micronutrient premixes and macronutrient blends for the rapidly growing Asian Human Nutrition & Health markets. Unitech is also active in the Animal Nutrition & Health markets including premixes for pet food. Unitech realizes annual net sales of around NZD50 million (circa EUR30 million) with about 100 employees.
This acquisition fits in the strategy for DSM's Nutrition cluster as Unitech adds to DSM's already strong geographic footprint and value chain presence. Unitech is the leading producer of food ingredient premixes in Oceania, leveraging the strategic location of New Zealand for the supply of high quality, dairy containing products across Asia. Unitech holds also a strong position in the third-party manufacture of macronutrient blends.
With its track record of technical service and high quality production, Unitech has a robust and loyal customer network including multinational brand names and large regional clients. DSM will enhance this value proposition with its broad portfolio of micronutrients, science-based expertise, and customer relationships with multinational and regional infant nutrition and food customers. Unitech's solution provider model will furthermore increase customer intimacy and loyalty.
Rick Greubel, President DSM Nutritional Products Human Nutrition & Health, said: "The acquisition of Unitech helps us to expand our value chain presence, geographical reach and customer base. As a leader in food ingredient premixes and blends, Unitech will allow us to deliver more value to our multinational, Oceania and Asia based customers."
