As already announced on July 5th 2007, the privately owned Pentapharm Holding
Ltd. and DSM Nutritional Products Ltd. have signed an agreement on the sale of
100% of the Pentapharm´s shares to DSM. This deal fits well into DSM’s Vision
2010 strategy to focus on accelerating and innovative growth and also allows
Pentapharm to sustain and exceed its defined growth targets.
Today we can announce the legal closing of the deal. Caspar Stürm,
Pentapharm’s CEO for almost 25 years, handed over the ownership of the company
to DSM with the confidence to have secured the future of the Pentapharm
tradition. Dr. Ute Schick, Director of DSM Nutritional Products New Business
Development – Personal Care will be the successor of Mr. Stürm.
The official signing of the contracts also represents the first major
milestone in the joint future and officially starts the cooperative
integration activities. It is the clear goal to create the global leading
supplier of cosmetic active ingredients by combining DSM’s excellent
capabilities in terms of claim substantiation, test design and regulatory
environment, with Pentapharm’s track-record in positioning and introduction of
innovative products.
DSM’s strategy aims at creating value with this acquisition by inter-linking
the two company’s complementary strengths. Therefore the integration will be
based on best knowledge in both companies to provide the most beneficial
outcome.
Since the joint integration planning has just started, no immediate changes
are to be expected for any of the internal or external stakeholders. All
Pentapharm contact persons for orders, supply and other requests will remain
unchanged for the time being and be at customers` disposal with the same high
level of service standard they are used to. Some visions regarding the future
of the combined entities have already been defined.
With the new and potent owner DSM in the back, Pentapharm is looking forward
to anoutstanding and long-lasting relationship with existing and new partners.
About DSM Nutritional Products
DSM Nutritional Products is the world's leading supplier of vitamins,
carotenoids and other fine chemicals to the feed, food, pharmaceutical and
personal care industries. The business has sales of about EUR 2 billion and a
long tradition as a pioneer in the discovery of new products, new formulations
and attractive applications for all industry segments. For further company
information please visit
www.dsmnutritionalproducts.com
About DSM
DSM is active worldwide in nutritional and pharma ingredients, performance
materials and industrial chemicals. The company develops, produces and sells
innovative products and services that help improve the quality of life. DSM’s
products are used in a wide range of end-markets and applications, such as
human and animal nutrition and health, personal care, pharmaceuticals,
automotive and transport, coatings and paint, housing and electrics &
electronics (E&E). DSM’s strategy, named Vision 2010 – Building on Strengths,
focuses on accelerating profitable and innovative growth of the company’s
specialties portfolio. The key drivers of this strategy are market-driven
growth and innovation plus an increased presence in emerging economies. The
group has annual sales of over €8 billion and employs some 22,000 people
worldwide. DSM ranks among the global leaders in many of its fields. The
company is headquartered in the Netherlands, with locations in Europe, Asia,
Africa, Australia and the Americas. More information about DSM can be found at
www.dsm.com
www.pentapharm.com
For more information:
DSM Nutritional Products
Charlotte Frederiksen
Tel. +41 (0) 61 688 85 14
Fax +41 (0) 61 687 37 16
E-mail:
charlotte.frederiksen@dsm.com
Forward-looking statements
This press release contains forward-looking statements. These statements
are based on current expectations, estimates and projections of DSM management
and information currently available to the company. The statements involve
certain risks and uncertainties that are difficult to predict and therefore
DSM does not guarantee that its expectations will be realized. Furthermore,
DSM has no obligation to update the statements contained in this press release.