DSM intends to make acquisitions
The Dutch health, nutrition and materials company DSM [AMS:DSM] wants to do acquisitions, DSM CEO Feike Sijbesma told the Dutch daily Het Financieele Dagblad in an interview.
Sijbesma said that after a few quiet years, his company is now ready to do small and large acquisitions, explaining that this could be acquisitions in the field of nutrition, as well as acquisitions in the field of materials. Names of possible targets were not mentioned.
Sijbesma said that DSM now has a large sum of money on its balance and low debts, which gives the company the opportunity to acquire other companies. Unnamed analysts told Het Financieele Dagblad that DSM has at least EUR 3bn available for acquisitions.
Sijbesma also said that DSM is working on a strategic update which will be announced in the second quarter of this year. Without willing to go into too much details, the CEO explained that all options are on the table. A possible option is a split up of the company.
Unnamed analysts said that it’s very well possible that DSM decides to split the materials division of from the main company. Sijbesma said that the materials division is doing very well and that he sees a lot of growth potential in it.