ForFarmers transfers non-core export business to Nutreco
Dutch-based agribusiness group ForFarmers has transferred its export business for non-core Countries to Nutreco with effect from 1st January 2015.
The business, involving sales of around 8.5million euros a year (about £6.6m) is mainly focused on young animal feed exported from the UK. ForFarmers, which previously operated in the UK as BOCM Pauls until a rebranding last October, said that the transfer had no impact on its four key countries of operation – the Netherlands, the UK, Germany and Belgium – where young animal feed remained a key part of its Total Feed Business offering.
Chief executive of ForFarmers Yoram Knoop said: "Following the recent announcement regarding the renewal of the existing strategic partnership between ForFarmers and Nutreco we have been reviewing the combined strengths of each business and have concluded that our international markets for young animal feed are best served in the longer term by utilising the strengths of Nutreco. Our distributors and customers should see very little change as a result of the transfer, other than in time production is likely to be transferred to specialist production plants in Europe where the local needs for each country may be better served. Nutreco is committed to the development and innovation of young animal feed and is investing significantly in resources to support this activity. Our teams will of course continue to work very closely with the Nutreco team."
ForFarmers is European market leader in the animal feed sector, with an annual production of approximately 8.5m tonnes of feed, 75% of which are compound feeds, a turnover of more than 2.6bn euros (around £2.1bn) and 2,200 employees.
Nutreco employs around 10,000 people in more than 30 countries and has annual revenue of aroud 5.2bn euros (about £4bn) from sales in more than 80 countries.
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