October 10, 2013

 
Nutriad increases equity position worth US$65 million

Press release

As part of a total financial restructuring of Nutriad's parent company INVE Holding BV, shareholders Rabobank and Royal Bank of Scotland (RBS) provided a significant increase in Nutriad's equity worth US$65 million to lower the debt position.

The total financial restructuring resulted in an increase of the equity level of INVE Holding BV to US$24 million.

INVE Holding Company holds two companies:  Nutriad and INVE Aquaculture (IAQ). The group's equity is, at the date of the financial restructuring, equally divided between the two business lines.

The refinancing comes with a legal and fiscal separation of Nutriad and IAQ. Nutriad CEO Erik Visser states: "Allowing both companies to operate fully independent from each other creates room for an increased focus on core activities.  The positive balance position resulting from this operation will support the commercial ambitions of Nutriad management. "

The significantly improved financial position of Nutriad together with its existing strong operational cash flow performance position Nutriad as a reliable and trustworthy partner to all its stakeholders: from customers to suppliers and from staff to shareholders.

With smart additives for growth and health support, Nutriad provides business solutions in livestock and aquaculture production. It operates four research facilities & laboratories and five manufacturing locations. With offices around the world and specialised distributors, Nutriad serves customers in more than 80 countries.