News 430 views last update:6 Aug 2012

Nutreco sells French feed part to Evialis

Nutreco Holding N.V. today announces the completion of the sale of its French Trouw Nutrition feed specialities business to the Evialis group in France.

Both parties had expressed their interest in this transaction on 11 September 2006. The price of the sale of this small animal feed operation in France was not disclosed.

For the time being, Evialis will make use of the Trouw Nutrition production facility at Vigny in France. Nutreco will keep ownership of the Vigny facility.

The takeover of the Trouw Nutrition France will contribute €15 million to Evialis' turnover.

Evialis is active in expanding its business. Recently it came to an agreement with Group Agricola International Bacau in Romania to form a joint venture where Evialis will be the majority stake holder for the sale of feed products. This newly created company will allow in the short run to double the size of the activities in this country.

Lastly, the Group finalizes the redeployment of its Chinese subsidiary company of premixes, based in the province of Shandong. Evialis announced that other project developments in the fields of premixes and food are on hand.

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