June 14, 2011

Cargill to purchase Raggio di Sole in Italy

US Cargill has announced its intention to purchase Italian animal feed company Raggio di Sole, which has four production facilities across the country. The acquisition represents an extension of Cargill's already existing animal nutrition business in Italy, building on the present market focus in the dairy segment and creating opportunities in other segments.

Silvio Ferrari, president of Cargill's business in Italy, commented: "We are very excited about the future potential for the combined business. [The takeover] will create a new, nationwide full service offering across the spectrum of animal nutrition customers' needs." The two companies have complementary expertise and market presence in Italy. The combination adds to the strengths of both, and will enhance the range of products and services to customers, according to Ferrari. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers

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