Nutreco expands into Turkey
Nutreco's subsidiary Trouw Nutrition International
(TNI) has acquired a 51% share in the animal nutrition activities of Interkim in
Turkey by 1 October 2007.
The activities will be continued in a new joint venture named Trouw
Nutrition Turkey. The investment figure has not been disclosed.
joint venture, TNI will become the number two player in premix and feed
ingredients in the Turkish Republic.
Interkim (photo) has annual sales of
approximately € 13 million in feed ingredients, industrial premixes, young
animal feeds (calf milk replacers) and animal health products.
The animal nutrition market in Turkey shows large growth
potential and TNI wants to capitalize on that by acquiring a majority share in
the activities of Interkim.
TNI's partner has had a presence in Turkey
since the year 1997 and is one of the major importers of animal nutrition
products and premix-producers in this country.
The new step in Turkey
fits within the framework of Nutreco's 'Rebalancing for Growth' strategy, which
aims to expand the company's animal nutrition and fish feed businesses in growth
To comment, register here
Or register to be able to comment.