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November 17, 2011

ForFarmers takeover of Hendrix makes European giant

ForFarmers and Nutreco have signed an agreement, that ForFarmers takes over Hendrix UTD, the feed business of Nutreco in the Netherlands, Belgium and Germany, creating the largest feed firm in Europe. The sale of Hendrix is agreed for a total consideration of €92.5 million (US$124.459 million), resulting in a book profit for Nutreco at completion. As part of the transaction, Nutreco and ForFarmers have entered into a long term strategic partnership, including a know-how agreement. 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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