July 3, 2024

 

ForFarmers strengthens position in co-products through acquisition of Van Triest Veevoeders

 

 

ForFarmers announced that it has entered into an agreement to acquire Van Triest Veevoeders, which specialises in trading residual flows and co-products.

 

The acquisition concerns the buying and selling activities, including the associated storage and trans-shipment facilities and means of transport.

 

ForFarmers, under the name CirQlar, is already active in supplying co-products and residual flows. This acquisition fits into ForFarmers' mission of "For the Future of Farming"; through using more co-products, the company contributes to a sustainable future with affordable and sustainable food by producing dairy, meat and eggs, ForFarmers said.

 

Van Triest has been active in trading residual flows and co-products since 1959. The company has purchasing agreements with breweries and the dairy, sugar, bioethanol and potato processing industries as well as (concerning roughage) with many farmers. The company sells products that include brewer's grains, potato pulp, silage maize and wet beet pulp to some 3,500 farmers mainly in the Netherlands along with Belgium and Germany.

 

Van Triest has a very good infrastructure in terms of logistics, storage and trans-shipment and holds potential for mixing residual flows in Hoogeveen and Coevorden, the Netherlands.

 

The company trades over one million tonnes of residual flows annually and has 90 employees.

 

ForFarmers's CirQlar has been active in the Netherlands in supplying and valorising co-products. and has storage and trans-shipment sites in Lochem and Heijen. Van Triest's locations and customer base fit seamlessly with ForFarmers' activities and offer good growth opportunities, according to the former. The latest transaction strengthens the cooperation with suppliers of residual flows and co-products to make the food chain more sustainable in an efficient way. These products, which are not suitable for human consumption, can often be used to produce nutritious feed for cows, pigs and chickens.

 

Pieter Wolleswinkel, chief executive officer of ForFarmers, said, "We are looking forward to working together with our new colleagues at Van Triest. Combining our activities means that we can serve our suppliers co-products even better and provide our customers with an even better and broader range of these products. In addition, we are taking a further step in making our food chain more sustainable."

 

Hein van Triest, director and owner of Van Triest, said, "We have known ForFarmers for years and recognised a similar focus on customers and employee satisfaction. These were important factors in the decision to transfer our family business to ForFarmers."

 

Subject to the approval of the Consumer and Market Authority, ForFarmers will acquire the shares of Van Triest, along with trading operations and associated transport equipment and storage and trans-shipment activities.

 

Completion of the transaction is expected in the second half of 2024.

 

The management of Van Triest will remain actively involved after completion of the transaction.

- ForFarmers