January 8, 2021
Arvesta increases stake in Palital to full takeover
Belgium-based Arvesta, formerly known as Aveve, is taking further steps towards international growth and, has announced that it has raised its stake in Palital, the Dutch feed-additive specialist, from 30% to a full takeover.
Palital is said to be experts in butyrate concepts, gastric-stable additives and flavouring agents and sweeteners.
The latest participation is in line with the strategy of both companies for further international growth. Dirk Van Thielen, business unit director Animal Nutrition at Arvesta, says, "We look forward to this collaboration in order to be able to grow further internationally together with Palital in the field of 'additives and specialties' with innovative products that offer a high added value."
Palital's products are complementary to Aveve Biochem's range. In the coming weeks, plans will be made to define how the partnership between both brands can be reinforced, led by Guy Janssens, director Feed Additives & Specialties at Arvesta.