FrieslandCampina sells Nutrifeed animal nutrition business to Denkavit
Companies enter into a long-term agreement on the supply of dairy by-streams to the animal nutrition industry
FrieslandCampina intends to sell its Nutrifeed animal nutrition business to Denkavit. The two companies will enter into an agreement for the supply of dairy by-streams to the animal nutrition industry. Employees of the two businesses have been informed about the intention.
Herman Ermens, President FrieslandCampina Ingredients: “In Denkavit we have found a strong, player with international growth ambitions for our animal nutrition business. Denkavit offers us a good opportunity to create added value for our dairy by-streams.
In December 2020, FrieslandCampina decided to fully focus its ingredients business for its customers on high-quality ingredient solutions for consumers in all life stages. As part of Denkavit, an international player with a strong focus on young animal nutrition, Nutrifeed will have better opportunities to achieve its growth ambitions.”
Erik Buys, managing director of Denkavit”: “With this acquisition we are further expanding our global market position in young animal nutrition. The agreement for the supply of dairy by-streams improves our position in sourcing raw materials.”
The 70 employees that work for FrieslandCampina’s animal nutrition business will join Denkavit. The employees and trade unions have been informed about the intended decision and the employee representation has been asked for advice. The proposed acquisition is subject to customary conditions. Financial details will not be disclosed. It is expected that the transaction will be completed by mid-2021.
Denkavit is a family owned company that exists for more than 80 years. The company is specialised in Young Animal Nutrition and Feed Ingredients, with a focus on nutrition for calves, piglets, goats and sheep. 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 650 million and over 600 employees, Denkavit operates globally with Europe as its home market. Visit our website for more information: www.denkavit.com.
Royal FrieslandCampina N.V.
Royal FrieslandCampina daily provides millions of consumers throughout the world with dairy products containing the valuable nutrients from milk. FrieslandCampina produces and sells consumer products such as dairy-based beverages, infant nutrition, condensed milk, cheese, and desserts. It supplies cream and butter products for professional use to bakeries and catering businesses. Furthermore, FrieslandCampina produces and sells ingredients and semi-finished products to producers of infant nutrition, the food industry, and the pharmaceutical sector. In 2020, annual revenue amounted to EUR 11.1 billion. FrieslandCampina has locations in 38 countries and employs about 23,877 employees. The Central Office is located in Amersfoort, the Netherlands. The company is fully owned by Zuivelcoöperatie FrieslandCampina U.A. and with over 16,995 member dairy farmers in the Netherlands, Germany, and Belgium is one of the largest dairy cooperatives in the world. For additional information, please visit our website: www.frieslandcampina.com.
As part of FrieslandCampina Ingredients’ Animal Nutrition segment, Nutrifeed is fully dedicated to a healthy start for young animals with dairy side streams as formative nutrients in that process. With 45 years of expertise it creates outstanding feed for the early stages of animal growth offering calf milk replacers, piglet products, protein and lactose concentrates, lamb and goat kid milk replacers, and electrolytes. Its main brands are Nutrifeed, Kalvolac, Serolat and Porcolac. The business operates a standalone Nutrifeed facility with blending capabilities and warehousing in Veghel. Its products are exported to 65 countries.