News 298 views last update:6 Aug 2012

Nutreco buys Biofaktory in Eastern Europe

Nutreco has acquired Biofaktory, a premix and specialty feed company with production facilities in the Czech Republic and Slovakia. The purchase price will be approximately €10 million.

Biofaktory is the market leader in premix and specialty feed in the Czech Republic and in Slovakia and has a well respected company brand name. The company also exports to other countries in Central and East Europe. Having a strong R&D background and technical advisory focus, the company is capable to facilitate competitive animal production by its clients. In addition, Biofaktory holds a 54% shareholding in Integra, a small layer pullet and hatchery. Biofaktory has annual revenues of approximately €40 million.

Juergen Steinemann, Nutreco's Chief Operating Officer, said, "This acquisition offers Nutreco a market leader position in the Czech Republic and Slovakia. In addition, it strengthens our business model supplying feed specialities, know-how and services to customers in Central and Eastern Europe. Joining forces with Trouw Nutrition International, Nutreco's feed specialities subsidiary, adds substantial scope for cost and sales synergies."

This acquisition fits in Nutreco's growth strategy to expand the company's premix and specialty feed businesses in growth markets.

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