Nutreco receives approval for the acquisition of the animal nutrition business from Cargill in Spain and Portugal
The European Commission anti-trust authorities in Brussels have granted Nutreco approval for the acquisition of the animal nutrition business of Cargill in Spain and Portugal. The agreement in principle was announced on 28 July 2009. The acquisition includes Cargillís 12 compound feed production facilities, with a production volume of around 700,000 metric tonnes, annual sales of approximately EUR 240 million.
The acquisition fits in Nutrecoís strategy to expand its global market positions in feed specialties and fish feed in growth markets and to strengthen its leading compound feed market positions in Canada, the Netherlands and Spain. Since 2006 Nutreco has acquired animal nutrition and fish feed businesses in Brazil, Canada, China, Czech Republic, Guatemala, India, Indonesia, Italy, Japan, Mexico, the Netherlands, Poland, Portugal, Russia, Slovakia, Spain, Turkey, United Kingdom and the USA.
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and experience for building its future. Nutreco employs almost 9,300 people in 30 countries, with sales in 80 countries. Nutreco is listed on the Euronext stock exchange in Amsterdam and had annual revenues in 2008 of EUR 4.9 billion.
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