Animal feed company Nutreco has acquired two animal nutrition companies in Brazil. This expansion is in line with its strategy to expand into growth geographies. Transaction details have not been disclosed.
Fatec Indústria de Nutrição e Saúde Animal Ltda is a Brazilian supplier and producer of premixes and animal health products for broilers, layers, swine and dairy cows. BRNova Sistemas Nutriconais S.A. is a Brazilian supplier of premixes and feed specialties, mainly for poultry and swine.
With these two acquisitions, Nutreco increases its presence in Brazil, the third largest animal nutrition market in the world, growing annualised revenues from around € 110 million to approximately € 185 million. Brazil is a fast growing economy with annual growth of 4% to 5% in animal nutrition market. The acquisitions give Nutreco greater access in Brazil's southern, central and middle west states, and will broaden its animal species' portfolio to include layers, broilers and swine. They also strengthen Nutreco Brazil's product portfolio with the addition of premixes, animal health products and feed specialties including probiotics. The acquisitions will accelerate Nutreco's strategy to expand sales of globally branded nutritional solutions.
At the same time, the final offer of investment company SHV is being expected in the coming days. SHV wants to acquire Nutreco.
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