Royal DSM N.V. has acquired a 51 percent stake in AGI Corporation of Taiwan (AGI) through a subscription for newly to be issued shares combined with a public tender offer for approximately €41 million in total. The acquisition was announced in December 2010 and is consistent with DSM's strategic focus on high growth economies, sustainability, innovation and partnerships.
AGI offers a broad range of environmentally friendly UV (ultraviolet) curable resins and other products. These products are used in coatings and inks for wood, flooring, plastic and graphic arts applications. AGI reported net sales in 2010 of NTD 4,050 million (approximately € 97 million). AGI continues to be listed on the emerging company's board of the GreTai Securities Market in Taipei. DSM will consolidate AGI in its financial statements.
Being a formulator is becoming much more difficult in light of increased regulatory pressures on common raw materials.
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