International nutrition and health company DSM-Firmenich has struck a major deal to sell off its Animal Nutrition & Health division to private equity firm CVC Capital Partners.
The company revealed in a recent announcement that the sale agreement values the animal health business at roughly €2.2 billion (approximately $2.4 billion USD). The deal structure also includes potential additional payments that could reach up to €0.5 billion based on future performance targets.
The Animal Nutrition & Health division focuses on developing nutritional solutions and health products for livestock and other animals in the agricultural sector. This divestment represents a significant strategic move for DSM-Firmenich as the company reshapes its business portfolio.
