Vitamex takes majority stake in Preconex SP
Premix manufacturer Vitamex, a subsidiary of Cehave Landbouwbelang in the Netherlands, has reached an agreement to take over 80% of the shares of Belgium-based Preconex SP.
The remaining 20% will stay with Filip Thyssen, managing director and former owner of Preconex. This acquisition, which came into effect on 25 January, will allow Vitamex
to strengthen its position in markets where Preconex
is very well presented.
Preconex is a premix and concentrate producer which exports its products to more than 20 countries.
Preconex disposes of a well-established concentrate plant located in Willebroek, Belgium, in a unique location excellent for exporting concentrates at low logistic costs.
"Through the partnership with a strongly innovating company like Vitamex, I have great confidence in the future and the further development of Preconex," said Preconex managing director Filip Thyssen.
Patrick Keereman, CEO Vitamex, added: “The acquisition of Preconex fits into our strategy of wanting to create a presence in developing and emerging markets.”
With the take-over Vitamex wants to participate in the further development of these markets by supplying them not only concentrates but, in the near future, also speciality products that add value to the production of feedstuffs.
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