June 12, 2020 / 6:13 AM / 25 days ago

DSM says it will buy animal feed additives maker Erber for $1.1 bln

AMSTERDAM, June 12 (Reuters) - Dutch food supplements maker DSM said on Friday it had agreed to buy most of the operations of animal feed additives maker Erber Group for 980 million euros ($1.1 billion).

DSM said in a statement that the business, which has 330 million euros in annual sales, would add to DSM earnings within the first year. Erber’s products, which focus on animal health, would complement DSM’s own offerings, the company added.

Reuters reported on Wednesday that DSM was close to a deal with Erber. (Reporting by Toby Sterling; Editing by Edmund Blair)

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