December 18, 2007

 

AgFeed appoints new strategic advisor

 

 

AgFeed Industries announced the appointment of Edward McMillan as a strategic advisor on M&A and corporate development.

 

McMillan will advise AgFeed on M&A and other strategic opportunities for the company worldwide. China will be a focus market as it represents one of the world's best growth opportunities in the animal feed and pig raising business.

 

AgFeed previously announced its growth strategy for 2008 onwards which would be focused on organic expansion and strategic acquisitions targeting China's vast feed and hog raising industries, Songyan Li, chairman of Agfeed said.

 

As China's fast growing domestic feed and pig markets have become attractive for global players, McMillan's leadership and broad industry contacts worldwide are expected to benefit the company.

 

Early this year, AgFeed has acquired the biggest hog breeder in China's Jiangxi Province, the Jiangxi Lushan Breeder Pig Farm Ltd. By 2008, it targets to operate over 1,000 independently owned retail stores in the country.

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