Feed manufacturer and rural retailer Harbro has agreed a partnership with investment company Convent Capital with the aim of growing its presence in the UK agricultural supply market.
Convent Capital, an independent Dutch investment company established in 2011, has a new fund that provides growth capital for innovative and sustainable companies in the agri-food market.
Harbro, headquartered in Turriff, makes compound feeds for all species, ruminant feed buckets and operates a fleet of mill and mix vehicles for customers across Scotland and northern England.
It says working with Convent Capital will allow it to seize significant growth opportunities in the evolving livestock feed sector, drive innovation and lead industry advancement. The partnership underscores the company’s commitment to delivering innovative and sustainable products and services for livestock nutrition, while maintaining its core values of customer focus, innovation and long-term stability. Harbro will continue to be managed by its existing executive and management teams under the partnership.
“We are delighted to have joined forces with Convent Capital,” says Harbro chief executive Chris Baxter. “This partnership will help us unlock new growth area and ensure the long-term future of the Harbro brand and business.
“As our industry faces considerable changes and opportunities in the next few years, we are well positioned to lead these developments. This will allow us to continue to deliver high-quality solutions to our customers,” Mr Baxter concludes.
Maarten Meijnen, founding partner at Convent Capital, adds: “Harbro is an established market leader in quality livestock nutrition and specialty feed, and we are excited to support them on their journey of growth and innovation.
Harbro’s focus on innovative, performance-driven and sustainable nutrition, coupled with its leadership in research, strongly aligns with our mission to support businesses dedicated to improving the sustainability and efficiency of the food system.”