Denkavit expands global presence with the acquisition of the Volac Milk Replacer business
The Dutch Denkavit Group and UK based Volac International Ltd. have reached agreement for the acquisition by Denkavit of the Volac Milk Replacer business. This acquisition was a strategic decision for both parties, based on a strong wish to work with a partner with similar ambition and values to take the Volac Milk Replacer business to the next level.
David Neville, CEO Volac International Ltd: “Our Milk Replacer business is something we can be hugely proud of. We want that business to continue to flourish. As our portfolio of products in Volac Animal Nutrition expands further into the Feed Additives area following the successful acquisition of Micron Bio-Systems in 2021, we want to build on the synergies this brings. We have made the decision to sell our Milk Replacer business to a leading player in that market who can give it the focus it deserves.
It was hugely important to us to sell to a company with similar ambition and values. We have enjoyed a healthy relationship with Denkavit over the years, and look forward to this new chapter and seeing them take the Milk Replacer business to the next level.”
Erik Buys, CEO of Denkavit: “We are very excited to announce this important step for us. The Volac products impress us and, we believe them to be a valuable addition to our portfolio, as they are renowned for superior quality and therefore fit seamlessly into our Group. This acquisition strongly supports our ambition for global leadership in the calf milk replacer industry, bringing us a strong position in the UK and Irish markets.”
The completion of the acquisition is an exciting step for both companies, which sees Denkavit becoming sole owner of the Volac Milk Replacer commercial organisation, and the Volac Socoor business in Italy. Product for the home markets of UK and Ireland will continue to be supplied and blended by Volac as part of the deal, and as such will remain partners in this regard. Volac Milk Replacers Ltd, Volac Milk replacers Ireland Ltd and Volac Socoor SRL remain committed to delivering the same quality and value to its customers, stakeholders and partners while being part of the Denkavit Group.
Denkavit is a family owned company that exists for more than 90 years. The company is specialised in Young Animal Nutrition and Feed Ingredients, with a focus on nutrition for calves, piglets, goat kids and sheep lambs. The company has achieved a leading position in this segment. As an international player, Denkavit continually invests in knowledge and research, which it then shares with livestock farmers and compound feed companies. Denkavit’s business is based on long-term partnerships, reliability, knowledge, research and innovation. This is how we ensure continued growth together with our customers. With sales of EUR 900 million and over 650 employees, Denkavit operates globally with Europe as its home market. Visit website for more information: www.denkavit.com.
Volac is a fast-growing, ambitious international dairy business. We are world leaders in dairy nutrition and our mission is to develop great products that advance the health and performance of consumers and farm animals. Our heritage as an innovative family business inspires us to confront the challenges in our world. We care deeply for our customers and enjoy helping our partners and communities prosper, so together we can contribute to a sustainable, healthier future. The company has eight production facilities (four of them in the UK, one in Ireland, one in the U.S., one in Indonesia and one in Malaysia) where we manufacture and supply high quality dairy nutrition products to the global market. Volac is a wholly owned subsidiary of Woodford Holdings Ltd, a non-trading company.