February 24, 2010
INVE Group sells Chinese premix companies to local management
Press Release
The INVE Group has reached an agreement on the sale of all shares of the Chinese premix activities to Li Zhi, Managing Director of Premix INVE Nutrition (PINS), Shenzhen, China.
The sale includes the shares of Premix INVE Nutrition (PINS) in Shenzhen, its participations and of Tianjin North INVE Feed & Biotech (NIFB) in Tianjin.
With this acquisition, Li Zhi will become the owner of a group of companies, active in the animal feed industry (premixes, concentrates and total feed products) in China. Li Zhi has been leading the companies over the last 15 years.
The share transfer is scheduled for April 2010, allowing parties to fulfill the necessary and required documentation and administrative proceedings to materialise the transfer. The sale of these companies is in line with the INVE Group strategy to fully focus on the NUTRIAD and INVE AQUACULTURE business line.
The INVE Group remains committed to its objectives with its additives and aquaculture business in China. The Chinese market and customer relations are crucial in the expansion of the leading positions of the INVE Group in both the NUTRIAD (additives) and INVE AQUACULTURE (larval food and health) business.
The INVE Group is based in the Netherlands, active in higha€？end solutions for the agriculture and aquaculture markets worldwide.