Nutreco to acquire the animal nutrition business from Cargill in
Spain and Portugal
(Thomson Reuters ONE) - Nutreco announced today that it has agreed to acquire the animalnutrition business of Cargill in Spain and Portugal. The acquisitionincludes Cargill's 12 compound feed production facilities, with aproduction volume of around 700,000 metric tonnes, annual sales ofapproximately EUR 240 million and 450 employees. With thisacquisition Nutreco strengthens its leading market position in animalnutrition in the region. The closing of the transaction is subject tothe approval of the European Commission anti-trust authorities.The acquired business offers animal nutrition solutions for allfarmed animal species. After integration and transformation, theacquired business is in two years' time expected to contribute asimilar operating margin as Nutreco's compound feed business inIberia. The total consideration for this acquisition is approximatelyEUR 40 million which includes integration and transformation costsand investments in production locations in the next two years.Francisco Irazusta, Managing Director Nanta, Nutreco's animalnutrition business in Iberia: "This acquisition will strengthen Nantawith a team of professionals with significant know-how of thebusiness. Together with the commitment and knowledge of our people,the talent of this new team will generate important synergies andwill enhance the level of the industry in terms of quality,innovation and food safety for the benefit of our existing and newcustomers."Joe Stone, president of Cargill's global animal nutrition business:"Cargill has been in animal nutrition in Spain and Portugal for manyyears but now we have decided to reassess our portfolio. We are alongstanding provider of raw materials to Nutreco for their animalfeed production and will continue to supply them from our otheroperations in Spain. The sale of the business to Nutreco representsan opportunity to better position it for future success. We areconfident that we are placing these operations in capable hands."Jerry Vergeer, Nutreco's Executive Vice-President Agriculture: "Thisacquisition enhances our solid position in this important region andclearly demonstrates our desire to drive further growth in marketswhere Nutreco has leading market positions." * * * *NutrecoNutreco is a global leader in animal nutrition and fish feed. Ouradvanced feed solutions are at the origin of food for millions ofconsumers worldwide. Quality, innovation and sustainability areguiding principles, embedded in the Nutreco culture from research andraw material procurement to products and services for agriculture andaquaculture. Experience across 100 years brings Nutreco a richheritage of knowledge and experience for building its future. Nutrecoemploys almost 9,300 people in 30 countries, with sales in 80countries. Nutreco is listed on the Euronext stock exchange inAmsterdam and has annual revenues approaching EUR 5 billion.Nutreco in SpainThe Nutreco business activities in Spain and Portugal includecompound feed (Nanta), premix and feed specialties (Trouw Nutrition),fish feed (Skretting), poultry processing (Grupo Sada) and pigproduction (Inga Food). Together these activities have 27 productionplants and their own R&D and innovation centres. Nutreco employs morethan 3,500 permanent employees in Spain and generated revenues ofapproximately EUR 1.3 billion in 2008.For more information:Jurgen Pullens, Director Investor Relations and CorporateCommunications, NutrecoTelephone: +31 33 422 6134Mobile: +31 6 5159 9483E-mail: jurgen.pullens(at)nutreco.comhttp://hugin.info/133565/R/1331268/314922.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 28.07.2009 - 18:01 Uhr
Sprache: Deutsch
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