December 16, 2022

 

Adisseo signs agreement for acquisition of Nor-Feed

The Adisseo group has announced that it has signed an agreement to acquire Nor-Feed and its subsidiaries.

 

Nor-Feed is a French group that designs, manufactures and markets plant-based specialty ingredients and plant extracts for animal nutrition. This acquisition is part of the company's global leadership strategy for specialty animal nutrition ingredients. It represents a key step for Adisseo in its strategy of developing specialty ingredients and to make Nor-Feed a French leader in functional plant extracts for animal nutrition.

 

By offering natural and sustainable solutions to its customers, Adisseo is positioning itself on a market with an annual growth of almost 10%, the company said.

 

Nor-Feed, which is based in the Angers Technopole (France), was founded 20 years ago by Pierre and Cecile Chicoteau, and was developed around an original and unique project focused on the preventive role of nutritional strategies by promoting botanical extracts from agricultural co-products in animal nutrition and hygiene, to limit the use of antibiotics, coccidiostats and pesticides.

 

Adisseo and Nor-Feed have already identified some synergies, in particular, to strengthen and develop the penetration and adoption of these products in very high-growth markets where Adisseo is already well-established and has real legitimacy.

 

Nor-Feed will continue to autonomously manage its R&D, production and sales network. Nor-Feed co-directors Olivier Clech and Pierre Chicoteau will continue to lead the company.

 

Adisseo will provide Nor-Feed the benefit of all its expertise and network to help it achieve its objectives and implement the synergies identified.

 

Jean-Marc Dublanc, chief executive officer of Adisseo, said: "We are pleased to have signed an agreement to acquire the Nor-Feed Group, which is consistent with the Adisseo mission to offer its customers sustainable, affordable, qualitative and safe solutions. This operation is part of our strategy to accelerate the growth of our specialty products on unique and differentiating technologies."

 

Chicoteau said: "Nor-Feed has solid bases, and our purpose is unique on the market. We have developed and registered botanical additives for animal nutrition, that are safe, effective and manufactured in France in a structured CSR framework. Adisseo has worked alongside us since 2016 and will now allow us to take the Nor-Feed  project much further."

 

Clech said: "The demand for botanical additives for animal nutrition is confirmed each year, and we have experienced an average annual growth of more than 20% over the last 11 years, driven in particular by our solutions to offset oxidative stress or manage coccidial risk. The growth potential remains considerable, and the team is very committed to continuing our development."

 

- Adisseo