June 1, 2021
FrieslandCampina to sell animal nutrition business
FrieslandCampina intends to sell its Nutrifeed animal nutrition business to Denkavit.
Both companies will enter into an agreement for the supply of dairy by-streams to the animal nutrition industry.
Herman Ermens, president of FrieslandCampina Ingredients, said: "In Denkavit, we have found a strong, player with international growth ambitions for our animal nutrition business. Denkavit offers us a good opportunity to create added value for our dairy by-streams.
"In December 2020, FrieslandCampina decided to fully focus its ingredients business for its customers on high-quality ingredient solutions for consumers in all life stages. As part of Denkavit, an international player with a strong focus on young animal nutrition, Nutrifeed will have better opportunities to achieve its growth ambitions."
Erik Buys, managing director of Denkavit, said: "With this acquisition, we are further expanding our global market position in young animal nutrition. The agreement for the supply of dairy by-streams improves our position in sourcing raw materials."
70 Nutrifeed employees will join Denkavit.
The proposed acquisition is subject to customary conditions. It is expected that the transaction will be completed by mid-2021.