19 December, 2007 – DSM has announced it has an acquisition fund of over 1 billion euros set aside to expand the various company units, including its food division.
Feike Sijbesma, Chairman of the Board of the Dutch-based giant, this week said ``We can make bigger acquisitions, hundreds of millions of euros or even more than one billion.''
DSM revealed earlier this year that it plans to off-load a raft of non-core units, including melamine, fertilizer and rubber additives, to focus on core products such as enzymes for dairy foods.
The company said it hopes to get 60 pct of its profits from these main businesses by 2010.