News last update:7 Aug 2012

Major animal feed merger in Belgium

Belgian agricultural giant Aveve has agreed to take over feed manufacturer Dumoulin for an undisclosed sum. "It is the most important takeover we ever did," said financial director Paul Deleu.

Aveve, daughter company of the Belgium farmers organisation Boerenbond, is taking a majority stake in the family business of Dumoulin. Dominiek Dumoulin keeps a minority share and continues managing the company.

Aveve is the largest feed manufacturer in Belgium with annual production of nearly 900,000 tonnes of animal feed. Dumoulin is number four in Belgium with 400,000 tonnes per year.

With the takeover Aveve increases its market leadership, but the Flemish company still has less than 20% of the total Belgium feed market, which is highly fractioned with many small companies.

Dumoulin is mainly known for its feeds based on oilseeds. The innovative power of Dumoulin has been crucial for the takeover.

Aveve is very active on agri- and horticulture markets. In the past two decades almost every year a new company was added to the group.

Animal feeds together with plant protection and garden centres are core business of Aveve. The group employs 1,400 people of which 430 work in animal feeds.

Aveve has feed mills in Merksem and Aalter. Dumoulin has its main bases in Kortrijk and Andenne and employs 207 people.

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