December 1, 2014

Nutreco acquires two Brazilian animal nutrition companies

Nutreco has acquired two animal nutrition companies in Brazil, Fatec Indústria de Nutrição e Saúde Animal Ltda, and BRNova Sistemas Nutricionais S.A..

This expansion is in line with Nutreco's strategy to expand into growth geographies. Fatec Indústria de Nutrição e Saúde Animal Ltda is a Brazilian supplier and producer of premixes and animal health products for broilers, layers, swine and dairy cattle. BRNova Sistemas Nutricionais S.A. is a Brazilian supplier of premixes and feed specialties, mainly for poultry and swine.
 

With these two acquisitions, Nutreco increases its presence in Brazil, the third largest animal nutrition market in the world, growing annualised revenues from about € 110 million to € 185 million (€ 110 = US$1.24).