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Olam Agri acquires Avisen to expand feed business into Senegal

The acquisition of the country’s second largest poultry feed supplier aligns with Olam Agri’s strategy to strengthen its animal feed capabilities in West Africa.

Merger Acquisition
svetlana hadayeva | Bigstock.com

Olam Agri has completed the acquisition of Avisen SARL for EUR17 million (US$18.5 million), assuming 100% ownership of the company. The price consideration was arrived at on a willing-buyer, willing-seller basis, taking into account the business performance and prospects of Avisen, and the capabilities and synergies between Olam Agri and Avisen.

This acquisition aligns with Olam Agri’s strategy to strengthen and expand its animal feed and protein capabilities and to invest in proven businesses having strong market positions. It extends the company’s feed and protein presence in West Africa, where it is one of the leading animal feed and day-old chick producers in Nigeria, while generating synergies with its wheat milling business in Senegal. 

Established in 2000 by two veterinarians, Avisen has grown to become one of Senegal’s major suppliers of feed, with its facility located in Rufisque producing more than 100,000 metric tons (MT) of feed.