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ForFarmers completes acquisition of Vleuten-Steijn

ForFarmers Nederland B.V. has completed its acquisition of VleutenSteijnVoeders B.V.

Handshake of businessmenoncepts – soft focus
Handshake of businessmen greeting each other

ForFarmers Nederland B.V. has completed its acquisition of VleutenSteijnVoeders B.V.

ForFarmers is acquiring all of Vleuten-Steijn’s shares. As agreed in the purchase agreement, 70 percent of the transaction’s consideration of approximately EUR30 million ($US33.5 million) will be paid now. The remainder will be paid after three years, dependent on the achievement of targets which have been specified in advance.

Vleuten-Steijn will be consolidated in the results of ForFarmers as of October 1.