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DSM to buy US biotech firm

This article was originally published in Foodnews

DUTCH giant, DSM, has announced it plans to buy US biotech firm, Martek Biosciences Corp, for USD1.09 billion. DSM, the largest maker of nutritional supplements, said Martek will boost its presence in the US, and improve its infant formula products. The company said the deal is expected to close in the second quarter of 2011 and will add to earnings in the first year.



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