Nuscience acquires Uruguay's Nutral

 

Nuscience, the specialty division of the Royal Agrifirm group and a global player in the animal nutrition industry, has reached an agreement to buy all shares of the Uruguayan company Solapa S.A., known under its commercial name Nutral.

Nutral is the Uruguayan market leader in premixes and other nutritional products for dairy and beef cattle. With the acquisition of Nutral, Nuscience continues its strategy to invest in high-growth markets and expands its presence in Latin America.

Founded in 2005, Nutral is located in the Canelones department in the south of Uruguay, less than 50km from the capital city of Montevideo. Nutral is an animal nutrition product manufacturer, providing quality products combined with a strong complementary offering of technical (product- driven) advisory services. The company's production facilities and team of highly skilled professionals enable it to provide services to customers and third parties in a professional and focused way. The main products are calf milk replacers and a range of mineral feeds for both dairy and beef cattle.

'' With this acquisition, we continue to execute our strategy in Latin America, an important region for us with high animal densities, and further internationalise our company. Our specialty division Nuscience makes a significant contribution to revenue and profitability in these growth markets," Ton Loman, CEO of Agrifirm, said.

"We are proud to sign this agreement with Nutral," Johan De Schepper, CEO of the Nuscience Group, remarked "We are taking the next step in expanding our foothold in Latin America. Uruguay is one of the most stable and prosperous countries in South America, and its economy is dominated by agricultural export. With this acquisition, we also add a solid range of calf milk replacers to our product portfolio."