Nutreco buys Biofaktory in Eastern Europe
Nutreco has acquired Biofaktory, a premix and specialty feed company with
production facilities in the Czech Republic and Slovakia. The purchase price
will be approximately €10 million.
Biofaktory is the market leader in premix and specialty feed in the Czech
Republic and in Slovakia and has a well respected company brand name. The
company also exports to other countries in Central and East Europe. Having a
strong R&D background and technical advisory focus, the company is capable
to facilitate competitive animal production by its clients. In addition,
Biofaktory holds a 54% shareholding in Integra, a small layer pullet and
hatchery. Biofaktory has annual revenues of approximately €40 million.
Juergen Steinemann, Nutreco's Chief Operating Officer, said, "This
acquisition offers Nutreco a market leader position in the Czech Republic and
Slovakia. In addition, it strengthens our business model supplying feed
specialities, know-how and services to customers in Central and Eastern Europe.
Joining forces with Trouw Nutrition International, Nutreco's feed specialities
subsidiary, adds substantial scope for cost and sales synergies."
acquisition fits in Nutreco's growth strategy to expand the company's premix and
specialty feed businesses in growth markets.
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