This acquisition was a strategic decision for both parties, based on a strong wish to work with a partner with similar ambition and values to take the Volac Milk Replacer business to the next level, Volac said in a press release.
“Our Milk Replacer business is something we can be hugely proud of,” said Volac CEO David Neville. “We want that business to continue to flourish. As our portfolio of products in Volac Animal Nutrition expands further into the feed additives area following the successful acquisition of Micron Bio-Systems in 2021, we want to build on the synergies this brings. We have made the decision to sell our Milk Replacer business to a leading player in that market who can give it the focus it deserves. It was hugely important to us to sell to a company with similar ambition and values. We have enjoyed a healthy relationship with Denkavit over the years, and look forward to this new chapter and seeing them take the milk replacer business to the next level.”
The completion of the acquisition will see Denkavit become the sole owner of the Volac Milk Replacer commercial organization and the Volac Socoor business in Italy. Product for the home markets of U.K. and Ireland will continue to be supplied and blended by Volac as part of the deal, and as such will remain partners in this regard. Volac Milk Replacers Ltd., Volac Milk replacers Ireland Ltd. and Volac Socoor SRL remain committed to delivering the same quality and value to its customers, stakeholders and partners while being part of the Denkavit Group.
“We are very excited to announce this important step for us. The Volac products impress us and, we believe them to be a valuable addition to our portfolio, as they are renowned for superior quality and therefore fit seamlessly into our group,” said Denkavit CEO Erik Buys. “This acquisition strongly supports our ambition for global leadership in the calf milk replacer industry, bringing us a strong position in the U.K. and Irish markets.”
In March 2023, Volac launched a new feed additives division as it intensifies its focus on supporting the global animal feed industry meet the net-zero challenge.