Date: Sep 13, 2011 Source: Bloomberg (
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HEERLEN, NETHERLANDS -- (Marketwire) -- 09/13/11 -- Royal DSM, the global Life Sciences and Materials Sciences company, today announces that it has sold DSM Personalized Nutrition, LLC to Viocare, Inc. (Princeton, New Jersey, United States). DSM will remain involved in the business as a minority shareholder in Viocare through DSM Venturing. Financial details of the transaction will not be disclosed.
Personalized Nutrition was an Emerging Business Area in the Innovation Center. As announced in September 2010, the focus was moved to other EBA's and Personalized Nutrition activities were to be partnered, exited or transferred to other parts of DSM. DSM Personalized Nutrition's corporate wellness business will become part of Viocare's operations, and a representative of DSM Venturing will join Viocare's Board of Directors.
Rob van Leen, Chief Innovation Officer of DSM, commented: "Our investment in Viocare in conjunction with the divestment of our corporate wellness business allows Viocare to further expand and mature this business, while concurrently enabling Viocare to continue to advance its leadership position as a supplier of scientifically validated software tools for the nutrition and wellness community."
Rick Weiss, Founder and President of Viocare, said: "This investment further validates our vision that by deploying technology solutions that personalize diet and fitness recommendations based upon the latest scientifically validated advancements in nutrition and behaviour change we can make a real difference in the long term health and wellness of the global population."
About Viocare
Viocare, Inc. is a privately-held company dedicated to improving global wellness. Working for 15+ years with leading institutions and leveraging more than $10M in National Institutes of Health funded research, Viocare brings the benefits of cutting edge knowledge in the nutrition, physical activity and behavior change disciplines to the development of breakthrough technology solutions that serve the wellness industry. Viocare provides wellness and nutrition-based technology platforms for corporate, community and health care provided wellness programs.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM's 22,000 employees deliver annual net sales of about EUR 9 billion. The company is listed on NYSE Euronext. More information can be found at www.dsm.com
