# DSM and Haixing acquire majority stake in Inner Mongolia Rainbow Biotechnology

DSM and Zhejiang Haixing Investment Co. Ltd acquired a majority equity stake in Inner Mongolia Rainbow Biotechnology Co. Ltd, renamed DSM Rainbow (Inner Mongolia) Biotechnology Co., Ltd. DSM owns 65%, Haixing 27%, and the founder 8%.

- Type: Acquisition
- Announced: 2017-11-10
- Where: Inner Mongolia, China, China
- Status: announced
- Products: hydrocolloid solutions (gellan gum, xanthan gum, welan gum)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Royal DSM](https://endata.com/companies/5677.md) (acquirer)
- [Zhejiang Haixing Investment Co. Ltd](https://endata.com/companies/28045.md) (acquirer)
- [Inner Mongolia Rainbow Biotechnology Co. Ltd](https://endata.com/companies/28046.md) (target)

## Sources

- [our-company.dsm-firmenich.com](https://our-company.dsm-firmenich.com/en/our-company/news/press-releases/legacy-archive/2017/2017-11-10-dsm-and-haixing-strengthen-hydrocolloids-business-with-acquisition-of-inner-mongolia-rainbow-biotechnology-co-ltd-china.html), 2017-11-10: "This is an important strategic investment, which expands both our manufacturing capacity and innovation competences, enabling us to deliver on our strategy to become a leading and fast-growing player in the hydrocolloids market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.