Nutreco acquisition of Cargill approved
The European Commission anti-trust authorities in Brussels have granted Nutreco approval for the acquisition of the animal nutrition business of Cargill in Spain and Portugal.
The agreement in principle was announced on 28 July 2009. The acquisition includes Cargill’s 12 compound feed production facilities, with a production volume of around 700,000 mt, annual sales of approx. EUR 240 mln.
The acquisition fits in Nutreco’s strategy to expand its global market positions in feed specialties and fish feed in growth markets and to strengthen its leading compound feed market positions in Canada, the Netherlands and Spain.
Since 2006 Nutreco has acquired animal nutrition and fish feed businesses in Brazil, Canada, China, Czech Republic, Guatemala, India, Indonesia, Italy, Japan, Mexico, the Netherlands, Poland, Portugal, Russia, Slovakia, Spain, Turkey, the UK and the US.