January 10, 2007

Cargill to acquire privately held LNB International Feed

US firm Cargill Inc revealed plans Tuesday (Jan 9) to purchase LNB International Feed BV, a privately held Netherlands-based business providing nutrition premix for animal feed.

Cargill said the acquisition has been approved by the antitrust authorities in Poland and Romania, where some of LNB's operations are based, and the process is likely to be completed by the end of February.

With approximately 270 employees, LNB has manufacturing sites in Poland, Romania and Suriname, and sales offices in the Netherlands and Russia. It also has manufacturing arrangements in the Netherlands and Belgium.

LNB exports to approximately 50 countries in Asia, Africa, the Americas, the Caribbean and the Middle East. Its major focus is the production of premix.

Cargill said this will be the company's second-largest acquisition of an animal nutrition firm, following its purchase of Agribrands in 2001.