DSM First Choice Ingredients Acquisition 2021

Royal DSM announced the acquisition of First Choice Ingredients for $453 million to expand its food and beverage solutions portfolio. The Milwaukee-based dairy flavor manufacturer brings proprietary fermentation technology and ~500 product offerings, with expected 2021 sales of $75 million. The transaction is projected to contribute €0.10 to DSM's EPS in 2022 and supports DSM's growth strategy in integrated nutrition solutions.