Royal DSM has acquired First Choice Ingredients, supplier of dairy-based savory flavorings, for an enterprise value of US$453 million.
First Choice Ingredients has built a position in the US taste market as a partner with food producers, flavor houses and food service suppliers.
The company ferments and blends a variety of natural dairy products to develop clean label, dairy and dairy-based savory flavorings for taste and functional solutions across applications.
With the acquisition, DSM can offer the products of First Choice Ingredients outside of the US to DSM’s broad global customer base and integrating their solutions in DSM’s offering on taste, texture and health in sustainable solutions for food and beverage customers.
Meanwhile, First Choice Ingredients gains access to DSM’s biotechnology toolbox, fermentation know-how, and global customer relationships.