Nutreco Acquisition of Cargill Companies Approved

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Latest Pig Industry News

Thursday, November 26, 2009

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Nutreco Acquisition of Cargill Companies Approved

EU - Nutreco receives approval for the acquisition of the animal nutrition business from Cargill in Spain and Portugal.

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 28 July 2009. The acquisition includes Cargill's 12 compound feed production facilities, with a production volume of around 700,000 metric tonnes, annual sales of approximately €240 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, United Kingdom and the USA.