Feed manufacturer Devenish Nutrition has invested in a 50% share of Yem-Vit, a premix producer with its headquarters in Izmir on Turkey’s western coast adjoining the Aegean Sea. The deal is subject to regulatory approvals.
Belfast-based Devenish says the strategic move, its first acquisition outside the UK, Ireland and North America, will enable it to grow in the Turkish market as well as gaining significantly improved access to surrounding regions.
Yem-Vit was established in 1987, and has remained in family ownership. It specialises in the production and distribution of a range of pre-mix products for the poultry, ruminant and aquaculture markets. It is a major player in the Turkish premix industry, operating from new production facilities in Izmir, and exporting product throughout Europe, Africa and the Middle East.
“Devenish and Yem-Vit have achieved significant national and international growth in recent years, and this partnership gives both companies an opportunity to expand further in the Turkish and surrounding markets,” says Devenish chief operating officer Patrick McLaughlin. “Yem-Vit is a significant player in Turkey with a fantastic reputation for manufacturing and quality. This, combined with our innovative nutritional solutions, will ensure we deliver a world class offering for our customers.”
His colleague Ian Atterbury, director of international business, adds: “Yem-Vit’s reputation for manufacturing excellence, quality control and support for its customer base is very much aligned to Devenish’s core values.”
For Yem-Vit, shareholder and general manager Onat Onater comments: “Both companies have a reputation of delivering innovative products and technical support to their customers. We believe this partnership will provide a platform for both companies to grow further in the Turkish and surrounding markets.”
Devenish made three rapid acquisitions in England in the 2013-15 period as part of its company strategy to grow its presence in the British feed market.
It bought Hi Peak Feeds, the family-owned organic feed manufacturer operating from a mill near Sheffield in 2013, followed by the independent specialist animal nutrition business A-One Feed Supplements, headquartered at Thirsk in North Yorkshire a year later.
In 2015 it purchased the Vitrition organic feed business and its Boroughbridge mill from the Anpario Group, making it a significant player in the UK’s organic feed sector.