Schenectady, NY (November 8, 2012) – Royal DSM, the global Life Sciences and Material Sciences company, today announced the agreement to acquire Fortitech, Inc.. After completion, which is expected before the end of the year, the company will be part of DSM’s Human Nutrition & Health business. The combination will be one of the leading companies in the development and manufacture of food ingredient blends for the food & beverage, infant nutrition and dietary supplements industries.
“Our combined global capabilities deliver a deeper and more comprehensive resource for providing our customers with innovative customized products,” said Walter S. Borisenok, president and CEO of Fortitech. “Together we boast a brighter and stronger scientific research database and unsurpassed technical excellence that will enable us to bring superior value to our products and services.”
DSM, the world’s premier supplier of nutritional products, showcases a deep selection of carotenoids, vitamins, nutritional lipids, nutraceuticals as well as specialty performance ingredients. As part of DSM, Fortitech will have direct access to the technology, science and research driving these proprietary ingredients, ultimately advancing the science behind the development of the company’s customized food ingredient blends.
“The acquisition of Fortitech will help us to expand our value chain presence and to deliver more value to our customers. With Fortitech and its workforce, DSM will be able to deliver customized food ingredient premixes and blends to our customers while at the same time strengthening our international footprint. Fortitech will become an important part of the Human Nutrition and Health business within DSM Nutritional Products. I look forward to welcoming Fortitech’s 520 employees to DSM,” said Leendert Staal, president and CEO of DSM Nutritional Products.
Fortitech remains committed to the development and manufacturing of quality food ingredient blends, complete with any nutrient, for any application, anywhere in the world.
About Fortitech
Founded in 1986, Fortitech is the world leader in the development of custom food ingredient premixes and blends for the food and beverage, infant nutrition and dietary supplements industries, integrating functional ingredients from a comprehensive selection of vitamins, minerals, nucleotides, amino acids, herb extracts, nutraceuticals, flavors, caffeine, proteins, carbohydrates and enzymes. Fortitech is FS 22000 certified, with a stringent Allergen Monitoring Program, and operates to cGMP, GMO-free, HACCP, Organic, Kosher and Halal standards. Headquartered in Schenectady, N.Y., the company has a global network of manufacturing and distribution facilities, throughout Europe, Asia Pacific, South America, Mexico and the United States (New York and California). For more information, visit fortitech.com.
DSM – Bright Science. Brighter Living.
Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM’s 22,000 employees deliver annual net sales of around €9 billion. The company is listed on NYSE Euronext. More information can be found at www.dsm.com.