August 24, 2007

Nutreco to acquire BASF operations end-2007

Discussions of Nutreco Holding NV's proposed acquisition of BASF AG's animal feed blends, premix and base mix businesses in Poland, Italy, USA, UK, Mexico, Guatemala, China and Indonesia is set for September 25, according to The European Commission. Purchase price was not disclosed.

Nutreco said its acquisition of BASF activities in eight countries is likely to be completed in the third quarter, and the buyout is not expected to contribute to profits in 2007.

After integration is complete, the company said it expects the BASF activities to contribute 10 million euros (US$13.55 million) a year to its operating profits in 2009.