Companies say deal will allow them to build a strong worldwide franchise
Nutriad, a multinational company headquartered in Dendermonde, Belgium, operates four laboratories and five plants in Belgium, Spain, the U.K., China and the U.S. The business generates gross sales of about US$100 million per year.
A manufacturer of feed additives for more than 50 years, Nutriad has a solid product range in palatability, mycotoxin management and digestive performance. Next to poultry and swine, they are also present in aquaculture, dairy and cattle.
Adisseo is convinced that a combination between Nutriad and Adisseo represents a highly attractive opportunity for both companies to build a strong worldwide franchise leveraging on complementary strengths.
Nutriad’s product range, the species addressed, and its target markets are highly complementary to Adisseo’s and will allow the combined business to implement integrated solutions and offer even more value to customers.
“The acquisition of Nutriad supports our ambition for accelerating growth of our specialties business in order to address our customers’ needs,” said Jean-Marc Dublanc, CEO of Adisseo. “Together, we will set up an efficient organization which should allow us to strengthen our global product portfolio’s competitiveness and its overall efficiency. We will also mutually benefit from respective strengths and global commercial coverage for product registration, sales, marketing and worldwide distribution network, with combined sales in more than 100 countries.”
Erik Visser, CEO of Nutriad added: “We are excited to become part of Adisseo because both companies are driven by the same ambition – to deliver the most innovative and practical feed solutions to our customers. We are proud of what we have achieved in recent years, as Nutriad is growing rapidly across species and geographies. By combining our strengths with those of Adisseo, we can jointly accelerate success for our customers.”