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World’s leading producer of nutritional ingredients, DSM Nutritional Products has announced 120 job cuts in Basel region in Switzerland including its headquarters in Kaiseraugst.
Company has termed this as the consequence of the almost concluded integration of a number of significant acquisitions and the associated strategic redirection. Overall, the company employs in the region approximately 3000 people.
DSM Nutritional Products, a business entity of Royal DSM (Heerlen, the Netherlands), is the world’s largest producer of vitamins, carotenoids, nutritional lipids, enzymes and other healthy ingredients for human and animal nutrition. It was founded in 2003 after the takeover of the Division Vitamins & Fine Chemicals from F. Hoffmann-La Roche.
DSM Nutritional Products has done some major acquisitions during the past three years – 2011 and 2012 Martek Biosciences (USA) and Ocean Nutrition Canada (Canada) were acquired, the two market leaders in nutritional lipids. At the end of 2012, DSM acquired Fortitech (USA), a specialist in customized blends for Human Nutrition.
Most recently, in 2013, Tortuga Zootécnica Agrária, Sao Paulo, was acquired, the Brazilian market leader in organic trace minerals for animal nutrition and health with a focus on pasture cattle raised beef and dairy cattle. All in all, approximately 3000 new employees plus additional R&D centers and various manufacturing sites mainly in North America and Brazil are now also part of DSM Nutritional Products.