DSM has 29% stake in Yantai Andre Pectin

ROYAL DSM has completed the acquisition of a 19% equity interest in Yantai Andre Pectin Co. Ltd. (Andre Pectin), a China-based producer of texturing ingredients. DSM had previously acquired a 10% stake in Andre Pectin from Hony Capital. Its total interest in Andre Pectin is now 29%. The parties have agreed that DSM has option rights to increase its stake in Andre Pectin to a majority stake at a later stage.

Andre Pectin, headquartered in Shandong Province, is active in the manufacturing and sale of apple and citrus pectin, a key food hydrocolloid providing texture, as well as pectin-related food products. It realizes annual net sales of around €30 million. As the only successful global pectin market entrant in the past 20 years, it is the only significant pectin manufacturer in Asia with premier access to the world’s fastest growing speciality food ingredients market.