July 10, 2007

ForFarmers acquires another German feed maker

ForFarmers -- the biggest feed compound manufacturer in the Netherlands-- took over another feed producer has taken over another feed manufacturer in Germany, its second buyout in the country within a year.

ForFarmers has bought 87.5 percent of the shares of Brandenburgisch-Mecklenburgische Gefluegelnarhrung (BMG) in Rapshagen in the northeast of Germany.

The feedmill in Rapshagen is a new plant built in 2006 with a current volume of 70,000 tonnes and a maximum capacity of 150,000 tonnes. BMG employs 16 people.

The remaining 12.5 percent of the shares of the German feedmill stay with the Erzeugergemeinschaft Mecklenburgische Gefluegel (EMG), which is a cooperation of several broiler farmers in Rapshagen.

ForFarmers has bought BELA Muhle in September 2006 and its new acquisition aims to fit the Dutch cooperative's strategy to further grow in Northwestern Europe.

The broiler farmers of EMG now also have the opportunity to supply their birds to the processing plant of Plukon in Storkow, close to Berlin. Plukon is a long time partner of ForFarmers.

ForFarmers, with its headquarters in Lochem, The Netherlands sells animal feed in the Netherlands, Germany, Belgium and Denmark. The company employs around 600 people and total turnover 500 million euros and 2.3 million tonnes of feed were sold.