Nutreco acquires 51% shareholding in Brazilian animal nutrition and
fish feed company
(Thomson Reuters ONE) - Nutreco announced today that has acquired a 51% shareholding in aBrazilian animal nutrition and fish feed company. The activities willbe continued in a new joint venture named 'Fri-Ribe' providingNutreco and its partners, the existing owners, with a platform forjointly building a strong position in one of the most importantagriculture growth markets in the world.The company to be acquired is active in the production and sales ofpremixes, farm minerals, compound feed, horse feed, pet food and fishfeed. It consists of two privately owned companies Fri-Ribe and Dispathat operate under the umbrella brand of Fri-Ribe. They are animportant player in Brazil for shrimp and tilapia fish feed and alsohave important regional market positions in nutrition for beefcattle, dairy cattle and for horse feed. The companies have fiveproduction plants and six sales offices spread across the centre andnorth-east of Brazil. The companies have 400 employees and annualrevenues amounted to EUR 47 million in 2008.Frank Tielens, Nutreco's Executive Vice-President Specialties: "Thisacquisition perfectly fits in our growth strategy to furtherstrengthen our global market positions in feed specialties and fishfeed. Fri-Ribe's strong management, dedicated people and distributionnetwork offers Nutreco an excellent opportunity for a long-termpartnership and brings substantial scope for cross-selling Nutreco'sfeed specialties. The joint venture also clearly demonstrates ourcommitment to grow our business in markets with a perspective ofstructural profitable growth. The animal nutrition market in Brazilis growing at approximately 5% a year on average and this acquisitionbrings Nutreco an excellent platform to facilitate its expansion inBrazil."Nutreco's strategy is to expand its global market positions in feedspecialties and fish feed in growth markets and to strengthen itsleading compound feed market positions in Canada, the Netherlands andSpain. Since 2006 Nutreco has acquired animal nutrition and fish feedbusinesses in Canada, China Czech Republic, Guatemala, India,Indonesia, Italy, Japan, Mexico, the Netherlands, Poland, Portugal,Russia, Slovakia, Spain, United Kingdom and the USA. * * * * *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 with annual revenues of EUR 4.9 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/1351633/326752.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 02.11.2009 - 07:00 Uhr
Sprache: Deutsch
News-ID 7708
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