Nutreco acquires two animal nutrition companies in Brazil

Nutreco acquires two animal nutrition companies in Brazil

9:29 AM, 1st December 2014
Nutreco acquires two animal nutrition companies in Brazil

AMERSFOORT, THE NETHERLANDS: Nutreco has acquired two animal nutrition companies in Brazil. This expansion is in line with its strategy to expand into growth geographies. Fatec Industria de Nutricao e Saude Animal Ltda is a Brazilian supplier and producer of premixes and animal health products for broilers, layers, swine and dairy cows. BRNova Sistemas Nutriconais SA 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 per cent to 5 per cent 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.

“Fatec and BRNova are good strategic fits complimentary to our existing Brazilian business. These companies bring with them strong premix knowhow, strong market positions, expand our product and species portfolio in Brazil and have track records of selling innovative products to their customers. They also perfectly fit in our geographical expansion strategy and our ‘Feeding the future’ mission,” said Knut Nesse, CEO Nutreco.

 

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