Fred Kloren, director commercial & premix operations of DSM Nutritional Product said, “The acquisition of Fatrom’s premix unit fits perfectly with DSM’s overall strategy of driving focused growth. We see excellent potential for growth in the Romanian premix market,” in an announcement posted on the company’s website.
The acquisition marks the entrance in Romania of the Dutch manufacturer that ended the year with EUR9 billion in sales. DSM will operate on the new market via DSM Nutritional Products Romania. The factory in Stefanestii de Jos that the Dutch bought is the first manufacturing facility of DSM in Central and Eastern Europe.
As a result of the deal, DSM takes over a business than ended 2010 with EUR8.2 million revenue. Fatrom Aditiv Furajeri is held by Greek businessman Georgios Galanakis (95%) and Andrei Soare (5%).
DSM was assisted by Wolf Theiss law firm, while Fatrom Aditivi Furajeri worked with Reff si Asociatii.
The Dutch company will compete with Alltech, Konnect, Guyomarc’h and Kemirom on the local market.
(English version by Loredana Fratila-Cristescu)