Royal DSM, a life sciences and materials sciences firm based in the Netherlands, c, a New Zealand based producer of nutritional products for both human and animal markets, for an undisclosed amount.
Unitech, established in 1970, is involved primarily in the manufacture and sale of micro-nutrient premixes and macro-nutrient blends for the rapidly growing Asian human nutrition and health markets.
The company is a leading producer of food ingredient premixes in Oceania, leveraging the strategic location of New Zealand for the supply of dairy containing products across Asia and holds a strong position in the third-party manufacture of macronutrient blends.
Unitech is also active in the animal nutrition & health markets including premixes for pet food. The company has annual net sales of about NZD50m ($38.9m) and employs about 100 people.
With this acquisition, DSM has production facilities in more than 40 countries in its Nutrition business.
DSM Nutritional Products Human Nutrition & Health president Rick Greubel said the acquisition of Unitech helps the company to expand its 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," Greubel added.
DSM is a global science based company in health, nutrition and materials. With 22,000 employees and an annual turnover of $11bn, DSM has operations, sales offices and R&D centers across the world.
