July 24, 2007

 

Nutreco completes acquisition of Maple Leaf Foods

 

 

Nutreco Holding N.V. has fully took over Canada's leading animal nutrition business from Maple Leaf Foods Inc.

 

Nutreco announced in May 22 that it will acquire the Canadian firm which includes the sale of the small Canadian fish feed activity, which has been sold to Cooke Aquaculture Inc.

 

The acquired business represent sales of approximately CAN$650 million and 2006 earnings before interest and taxes of approximately CAN$47 million, employs over 1,200 people and operates a world-class research and development facility and 18 feed manufacturing facilities across Canada and in New York State.

 

US$1 = 1.0468 CAN (as of July 24, 2007)