To boost dairy profile, Royal DSM announced to acquire First Choice Ingredients for approximately USD 453 million. Germantown based First Choice Ingredients is a leading supplier of dairy-based savory flavorings.
- First Choice Ingredients develops clean label, fermented dairy and dairy-based savory flavorings for taste and functional solutions across a wide range of applications.
- The company ferments and blends a variety of natural dairy products with cultures and enzymes to create clean label taste solutions integrating sensory and functional benefits
- First Choice Ingredients works as an innovation partner with food producers, flavor houses and food service suppliers in applications such as soups, snacks, salad dressings and sauces, prepared meals, sweet baking, as well as dairy products and plant-based meat and dairy alternatives.
The major acquisitions and partnership by DSM are mentioned below:
July 2021: Royal DSM to improve the health and environmental impact of animals has acquired remaining stake of Midori USA, Inc. for USD 63 million. Boston based Midori, is a biotechnology start-up with a novel precision platform developing breakthrough targeted eubiotics that improve the health and environmental impact of animals.
Jan 2021: To address agricultural greenhouse gas emissions Fonterra and Royal DSM, a global science-based company, had signed a collaboration agreement. The agreement helps to accelerate the transition to lower methane agriculture.
February 2020: Netherlands based Royal DSM announced to acquire Glycom A/S, the world’s leading supplier of Human Milk Oligosaccharides (HMO) for $826 million. With this deal DSM can accelerate the growth of Glycom by offering HMO products to DSMs global customer base and integrate it in its full solutions offering for Early Life Nutrition customers.
January 2020: Royal DSM, announced a new partnership with Generation Unlimited, a global partnership hosted by UNICEF that identifies and grows solutions to create employment opportunities for young people in agri-food businesses.
December 2019: Royal DSM, announced the completion of the acquisition of a 100% interest in specialty dairy solutions provider Koninklijke CSK Food Enrichment C.V. (Royal CSK) for approximately $165 million.
November 2019: Royal DSM, has acquired Boston based AVA, a personalized nutrition platform that provides nutrition and coaching recommendations across a wide range of health and wellness segments.
About Royal DSM
Royal DSM, headquartered at Heerlen, Netherlands, is a global science-based company in Nutrition, Health and Sustainable Living. DSM delivers innovative solutions for human nutrition, animal nutrition, personal care and aroma, medical devices, green products and applications, and new mobility & connectivity.