News 267 views last update:6 Aug 2012

AgFeed acquires large Chinese premixer

AgFeed Industries, Inc., a leader in China's premix feed and pig raising industries, has acquired for cash 100% ownership of the largest premix feed company, Hainan Hopejia Feed Co., located in China's southern Hainan province.

AgFeed already owns several pig farms in this region. This strategic acquisition provides the company with its 5th premix feed manufacturing plant in China.

Chairman Dr. Songyan Li said: "AgFeed continues to execute on our strategy of acquiring profitable market leaders in key areas of pig production and premix feed sales in China. This acquisition immediately positions AgFeed as the largest premix feed producer in Hainan and establishes an effective platform for us to further expand our pig production business in this region.

"As we experience favourable market environment in China for both of our business lines, we will continue to acquire profitable targets that will be synergistic to our growth strategies."

AgFeed has two profitable business lines, premixes for animal feed and pig production. AgFeed is China's largest commercial pig producer as well as the largest premix feed company in terms of revenues.

Related link: Agfeed

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