Nutreco acquires premix and feed specialty company in the Czech Republic and Slovakia
Nutreco announces the acquisition of Biofaktory, a premix and specialty feed company with production facilities in the Czech Republic and Slovakia. The purchase price will be approximately EUR 10 million.
Biofaktory is the market leader in premix and specialty feed in the Czech Republic and in Slovakia and has a well respected company brand name. The company also exports to other countries in Central and East Europe. Having a strong R&D background and technical advisory focus, the company is capable to facilitate competitive animal production by its clients. In addition, Biofaktory holds a 54% shareholding in Integra, a small layer pullet and hatchery.
Biofaktory has annual revenues of approximately EUR 40 million.
Juergen Steinemann, Nutreco’s Chief Operating Officer, said, “This acquisition offers Nutreco a market leader position in the Czech Republic and Slovakia. In addition, it strengthens our business model supplying feed specialities, know-how and services to customers in Central and Eastern Europe. Joining forces with Trouw Nutrition International, Nutreco’s feed specialities subsidiary, adds substantial scope for cost and sales synergies.”
This acquisition fits in Nutreco’s growth strategy to expand the company’s premix and specialty feed businesses in growth markets.
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Nutreco is an international animal nutrition and fish feed company, with revenues totalling EUR 4,021 million in 2007. With its specific knowledge of animal nutrition and fish feed, Nutreco is able to create added value for its customers in about 80 countries around the world.
Nutreco had a workforce of 9,090 at 31 December 2007, mainly located in approximately 100 production plants in 24 countries. Nutreco has eight leading research centres to support its customers and its own animal nutrition and fish feed activities. Nutreco is quoted on the Official Market of Euronext Amsterdam and is included in the Amsterdam Midkap Index and the Euronext 150 Index.
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