Nutreco has entered into an agreement with The Heritage Group, owners of Micronutrients, to acquire this global leader in hydroxy-based trace minerals.
The acquisition enables Trouw Nutrition, Nutreco's animal nutrition business, to further strengthen its Selko Feed Additives portfolio. The transaction, which is subject to regulatory approvals, is expected to close in the first quarter of next year.
Fits in strategy Nutreco
Knut Nesse, CEO of Nutreco: "Our strategy is to address global trends in the animal protein value chain by providing our customers innovative and sustainable nutritional solutions that require advanced technical and application know-how. Micronutrients' product portfolio fits this strategy. In combination with our existing product range and R&D capabilities, the acquisition of Micronutrients makes our animal nutrition business Trouw Nutrition a leader in a specific feed additive segment. Furthermore, Micronutrients' products will support our global premix value proposition." Pat James, CEO of Micronutrients: "In Nutreco we have found a good steward for our business, which has grown at a fast rate in the US in recent years. As a global company it has the resources and network to accelerate Micronutrients' growth through geographical expansion, also targeting additional animal species. In the longer term, the R&D power of our new owner will further allow Micronutrients' technological platform to evolve."
Trace minerals of Micronutrients
Micronutrients is market leader for hydroxy trace minerals, which are marketed under the global brand name IntelliBond®. Hydroxy trace minerals are specialty trace minerals that due to their unique chemical structure improve stability of premix and feed and bioavailability (better digestion) in the animal compared to inorganic trace minerals. Higher bioavailability under specific conditions leads to increased animal performance as well as environmental benefits. The company is especially strong through its own commercial organisation in the US, while also selling in many other countries around the world through distributors.
Selko feed additives
Selko is Nutreco's feed additives business unit, which commercialises its products through Trouw Nutrition's global sales organisation. Selko is a market leader in natural feed additive solutions that add value to integrators, feed mills and farmers. Focus areas are Salmonella control, feed safety and gut health in antibiotic free production systems. The acquisition of Micronutrients adds to current Trouw Nutrition nutritional solutions, including premixes, organic trace minerals and betain.
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