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Announced

Royal DSM to acquire Vestkorn Milling for $74m.

Financials

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Transaction Value£55m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Private

Norway

Friendly

Food Products

Majority

Single Bidder

food ingredients

Cross Border

Synopsis

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Royal DSM, a purpose-led science-based company, agreed to acquire Vestkorn Milling, a producer of pea- and bean-derived ingredients for plant-based protein products, for $74m. “We very much look forward to welcoming Vestkorn Milling and their team to DSM. Increasingly, food and beverage producers around the world are looking to partners who can offer an integrated portfolio of ingredients, expertise, and solutions to help them differentiate and get to market fast. This is especially important in the highly dynamic meat alternatives space, where consumer and societal expectations around authentic taste, texture, and nutritional profile, as well as climate impact, are becoming more and more sophisticated," Patrick Niels, DSM Executive Vice President of Food & Beverage Division.

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