Nutreco finalises takeover of Tenusa Trouw
Nutreco Holding has acquired the remaining 40% shares in Tenusa Trouw Nutrition Mexico. With the acquisition of a majority stake in the family- owned Mexican premix and speciality feed company Tenusa in 2005, parties agreed that Nutreco would gain full ownership within a defined period.
position in the Mexican premix and speciality feed market. This position will be
strengthened by the recently announced acquisition of BASF Mexico which makes
Nutreco the number two in the Mexican market; the fifth largest feed producing
region in the world. Tenusa Trouw Nutrition including BASF Mexico has 3
production facilities and revenues of around €40 million.
Growth
objectives
This next step fits well in Nutreco’s
growth objectives for its core business. The animal nutrition market in the
NAFTA countries is the largest in the world and it has been a long standing
ambition of Nutreco to increase its presence in this important market. Nutreco’s growth strategy in animal nutrition
focuses on capturing strong market positions in nine countries
where Nutreco is already active: Brazil, Canada, China, Germany, India, Poland,
Mexico, Russia and the United States.
Related websites:
Nutreco
Tenusa Trouw Nutrition
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