- Royal DSM is to acquire Tortuga Companhia Zootécnica Agrária for a total enterprise value of about €465m in cash.

But an adjustment in the purchase price up to a maximum enterprise value of about €490m can be made depending on actual earnings before interest, tax, depreciation and amortisation for this year.

The transaction is expected to close in the first quarter of 2013.

Tortuga, a privately held Brazilian company, is a leading company in nutritional supplements with a focus on pasture raised beef and dairy cattle.

The company is headquartered in Sao Paulo, Brazil with approximately 1,200 employees.

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