October 3, 2007

Trouw Nutrition International acquires majority share in new joint venture in Turkey

Press Release

Nutreco's subsidiary Trouw Nutrition International (TNI) announced it will acquire a 51 percent share in the animal nutrition activities of Interkim in Turkey by 1 October 2007.

The activities will be continued in a new joint venture named Trouw Nutrition Turkey. The investment figure has not been disclosed.

With this joint venture, TNI will become the number two player in premix and feed ingredients in the Turkish Republic. The company has annual sales of approximately EUR 13 million in feed ingredients, industrial premixes, young animal feeds (calf milk replacers) and animal health products.

The animal nutrition market in Turkey shows large growth potential and TNI wants to capitalise on that by acquiring a majority share in Interkim.

TNI's partner has had a presence in Turkey since the year 1997 and is one of the major importers of animal nutrition products and premix-producers in this country.

The new step in Turkey fits within the framework of Nutreco's 'Rebalancing for Growth' strategy, which aims to expand the company's animal nutrition and fish feed businesses in growth markets.