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Two Danish feed firms announce merger

After agreement by a clear majority at an extraordinary general meeting, Denmark-based animal feed companies Vestjyllands Andel (VJA) and Næsbjerg Foderstofforening are set to merge.

M&a (mergers And Acquisitions) , Mergers & Acquisitions , Busin
M&A (MERGERS AND ACQUISITIONS) Mergers & Acquisitions Businessman working at office M&A

After agreement by a clear majority at an extraordinary general meeting, Denmark-based animal feed companies Vestjyllands Andel (VJA) and Næsbjerg Foderstofforening are set to merge.

The merger was approved by the national competition authority a month ago.

As a result of the deal, VJA will obtain from Næsbjerg an increase in turnover of DKK2.15 billion (US$307 million) and 142 employees.

VJA’s managing director, Carsten Lauridsen, said the businesses are a good match, with a similar structure, and Næsbjerg’s main business area lies to the south of VJA’s.

In October 2016, VJA signed an agreement with biotech company Unibio to purchase all of the latter firm’s production of single cell protein for animal feed. Unibio had recently begun production of this protein from natural gas using U-Loop technology at a new plant in Denmark.

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