November 26, 2009
Nutreco receives EU approval for purchase of Cargill's feed assets
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 July 28, 2009. The acquisition includes Cargill's 12 compound feed production facilities, with a production volume of around 700,000 tonnes, annual sales of approximately EUR240 million (US$363 million).
The acquisition fits in Nutreco's 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, the UK and the US.
Nutrecois a global leader in animal nutrition and fish feed. Nutreco employs almost 9,300 people in 30 countries, with sales in 80 countries.