Nutreco accelerates growth in feed additives with purchase of Micronutrients
7 December 2015
Amersfoort, the Netherlands/Indianapolis, USA
7 December 2015
Amersfoort, the Netherlands/Indianapolis, USA | 7 December 2015 – Nutreco has entered into an agreement with The Heritage Group, owners of Micronutrients, to acquire this global leader in hydroxy-based trace minerals. The acquisition enables Trouw Nutrition, Nutreco's animal nutrition business, to further strengthen its Selko Feed Additives portfolio. The transaction, which is subject to regulatory approvals, is expected to close in the first quarter of next year.
Knut Nesse, CEO of Nutreco: “Our strategy is to address global trends in the animal protein value chain by providing our customers innovative and sustainable nutritional solutions that require advanced technical and application know-how. Micronutrients’ product portfolio fits this strategy. In combination with our existing product range and R&D capabilities, the acquisition of Micronutrients makes our animal nutrition business Trouw Nutrition a leader in a specific feed additive segment. Furthermore, Micronutrients’ products will support our global premix value proposition.”
Pat James, CEO of Micronutrients: “In Nutreco we have found a good steward for our business, which has grown at a fast rate in the US in recent years. As a global company it has the resources and network to accelerate Micronutrients’ growth through geographical expansion, also targeting additional animal species. In the longer term, the R&D power of our new owner will further allow Micronutrients’ technological platform to evolve.”
Micronutrients’ IntelliBond® hydroxy trace minerals
Micronutrients is market leader for hydroxy trace minerals, which are marketed under the global brand name IntelliBond®. Hydroxy trace minerals are specialty trace minerals that due to their unique chemical structure improve stability of premix and feed and bioavailability (better digestion) in the animal compared to inorganic trace minerals. Higher bioavailability under specific conditions leads to increased animal performance as well as environmental benefits. The company is especially strong through its own commercial organisation in the US, while also selling in many other countries around the world through distributors.
Selko Feed Additives
Selko is Nutreco’s feed additives business unit, which commercializes its products through Trouw Nutrition’s global sales organisation. Selko is a market leader in natural feed additive solutions that add value to integrators, feed mills and farmers. Focus areas are Salmonella control, feed safety and gut health in antibiotic free production systems. The acquisition of Micronutrients adds to current Trouw Nutrition nutritional solutions, including premixes, organic trace minerals and betain.
END OF PRESS RELEASE
Nutreco is a global leader in animal nutrition and aquaculture feed. Nutreco’s advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and expertise for building its future. Nutreco employs approximately 11,000 people in 35 countries with net sales of € 5.3 billion in 2014. Its two global company brands Skretting (aquaculture feed) and Trouw Nutrition (animal nutrition) have sales in over 90 countries. Nutreco is a wholly owned subsidiary of SHV Holdings N.V., a family-owned multinational with net sales of €14.9 billion (excluding Nutreco) in 2014.
Trouw Nutrition is a world leader in innovative feed specialties, premixes, models and nutritional services for the animal nutrition industry. Trouw Nutrition helps its customers to enhance productivity and support animal health through all life stages, as it seeks to fulfil the Nutreco-wide mission of Feeding the Future.
Micronutrients is a global mineral feed ingredient producer focused on developing, manufacturing and marketing a full range of quality trace minerals. It was founded in 1995 and is headquartered in Indianapolis, Indiana USA. Micronutrients is a member of The Heritage Group, an Indianapolis-based family of companies. The company has one production site with two productions plants and employs approximately 120 people.
BofA Merrill Lynch is acting as exclusive financial advisor to Micronutrients.
Mark Woldberg (Nutreco)
Manager Corporate Communications
T +31 33 422 6176
M +31 6 1503 3036
Jeff Cohen (Micronutrients)
Vice President Marketing and Sales
T +1 317 486 5880