November 14, 2017
Aurelius buys Cargill animal nutrition business in Switzerland
Aurelius Equity Opportunities SE & Co. KGaA has acquired Cargill's animal nutrition business in Switzerland.
Cargill, a leader in animal nutrition in Europe, remains committed to the region with its range of compound feed, premixes, feed additives, supply chain and risk management solutions as well as software tools.
The company generated revenues of around EUR130 million (US$152.1 million) in FY2017 (ending May 31, 2017). Both Cargill and Aurelius agreed not to disclose the purchase price. The transaction was signed and closed on November 6.
Cargill is a leading player in the Swiss market for animal feed with production sites in Lucens, Gossau and Kaiseraugst. Its Swiss product offering includes specialty feed for pets, horses, zoo animals and medicated feed.
The company employs about 250 people in Switzerland, who will be transitioned under existing contracts. It operates three state-of-the-art animal feed production sites across the country, with one of these plants a new facility constructed in 2016 in Lucens.
In the upcoming months, Aurelius operational experts will support management in executing a carve-out from Cargill ensuring minimal disruption to the company's Swiss-based animal nutrition business, thus helping management and employees to focus on services.
"We are confident in Aurelius's ability to take over ownership and continue delivering in the best long-term interest of both our customers and employees," said Phil Graham, group director of Cargill.
"Cargill remains committed to the European, and more specifically, the Swiss market, where we have been active since 1956."