Nutreco, the Dutch multinational animal and aqua feed manufacturing and services business, has agreed to purchase Cargill’s compound feed business in Portugal, subject to regulatory approvals. But Cargill is retaining its pre-mix and nutrition operations in Portugal.
The deal, for an undisclosed sum, includes Cargill’s two feed mills in Portugal – one in the north of the country at Ovar, the other central-south region at Alverca – and is expected to complete within five months. It also comprises the compound feed volume which is primarily aimed at the ruminant and lifestyle/smallholder markets, either sold direct to farm or through dealers and retail stores.
Nutreco will integrate the acquisition with its existing feed plant in Marco de Canaveses under the Nanta brand, part of its Trouw Nutrition livestock feed division. It says the move will grow Nanta’s footprint and scale in Portugal, while allowing for production optimisation.
“The sale of our compound feed business in Portugal reflects our efforts to geographically align assets in our portfolio with our strategy to focus on core nutritional excellence,” explains Jolanda van Haarlem, regional managing director for Cargill Animal Nutrition in the Europe, Middle East and Africa region. “It also creates further growth opportunities for our business and our people with an organisation that has a strong appetite for investment and will continue delivering in the best long-term interests of both our customers and employees.”
Nutreco chief operating officer and Trouw Nutrition chief executive Harm de Wildt adds: “We are delighted to acquire such a reputable business. Closing this transaction is part of our strategy to strengthen and grow our base in the Iberian Peninsula.”