News last update:6 Aug 2012

Cehave to buy Hungarian feed company

Dutch feed producer Cehave Landbouwbelang plans to buy a feed company in Hungary, chairman of the executive board Kees Sijsens said yesterday.

Sijssens did not mention the sum of the planned sale. He did mention that the Cehave is investigating the financial position of the Hungarian feed company. "If the result from that is positive, we can probably round off the sale within 2 months".

High expectations
Although the Hungarian market is not considered the most interesting market, according to the animal feed sector, Sijssens does have high expectations of the potential the country has. "Hungary is rich in raw materials. I am convinced that the country will do well in the future. Maybe other companies disagree, but we cannot wait to produce there", Sijssens commented.

Cehave is also producing (on small scale) in Ukraine and China.

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