Major animal feed merger in Belgium

24-12-2007 | |
Major animal feed merger in Belgium

Belgian agricultural giant Aveve has agreed to take over feed manufacturer Dumoulin for an undisclosed sum. “It is the most important takeover we ever did,” said financial director Paul Deleu.

Aveve, daughter company of the Belgium farmers organisation
Boerenbond, is taking a majority stake in the family business of Dumoulin.
Dominiek Dumoulin keeps a minority share and continues managing the company.

Aveve
is the largest feed manufacturer in Belgium with annual production of nearly
900,000 tonnes of animal feed. Dumoulin is number four in Belgium with 400,000
tonnes per year.

With the takeover Aveve increases its market leadership, but
the Flemish company still has less than 20% of the total Belgium feed market,
which is highly fractioned with many small companies.

Dumoulin is
mainly known for its feeds based on oilseeds. The innovative power of Dumoulin
has been crucial for the takeover.

Aveve is very active on agri- and
horticulture markets. In the past two decades almost every year a new company
was added to the group.

Animal feeds together with plant protection and
garden centres are core business of Aveve. The group employs 1,400 people of
which 430 work in animal feeds.

Aveve has feed mills in Merksem and
Aalter. Dumoulin has its main bases in Kortrijk and Andenne and employs 207
people.

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