Animal feed premix company Devenish Nutrition Ltd. will acquire a 50 percent share of Yem-Vit, a premix producer in Turkey.
This is the first acquisition outside the U.K., Ireland and North America for the Northern Ireland-based firm, allowing it to grow in the Turkish market and access surrounding countries in the Middle East.
“Devenish and Yem-Vit have achieved significant national and international growth in recent years, and this partnership gives both companies an opportunity to expand further in the Turkish and surrounding markets,” said Patrick McLaughlin, group chief operating officer at Devenish. “Yem-Vit are a significant player in Turkey with a fantastic reputation for manufacturing and quality. This, combined with our innovative nutritional solutions, will ensure we deliver a world class offering for our customers.”
“Both companies have a reputation of delivering innovative products and technical support to their customers,” said Onat Onater, shareholder and general manager at Yem-Vit. “We believe this partnership will provide a platform for both companies to grow further in the Turkish and surrounding markets.”
Optimistic view on Turkish poultry industry
Devenish has facilities in the U.K., Republic of Ireland, North America and Africa and is a market leader with more than 65 years of experience in developing and supplying innovative and research-driven nutritional solutions for animal and human health, particularly in the pig, poultry, ruminant, aquaculture, equine and companion sectors.
Yem-Vit is an independent, quality-focused, family-owned company, specializing in the production and distribution of a range of solutions for the poultry, ruminant and aquaculture sectors. Established in 1987, and with new production facilities in Izmir, Yem-Vit is one of the major brands in the Turkish premix industry, and exports throughout Europe, Africa and the Middle East.
With the agreement requiring approval from the Competition Authority, the deal is expected to be finalized by the end of August.
At a recent conference, an optimistic view was given for the future of the Turkish poultry industry. After outbreaks of avian influenza in 2016, the outlook is positive in the short and long term, Dr. Sait Koca, president of the country’s Poultry Meat and Breeders Association (BESD-BIR), told delegates to the International Poultry Meat Congress in Antalya, Turkey.