Deal gives company better customer proximity in European markets
Phosphea, formerly called TIMAB Phosphates, has acquired Elixir’s feed phosphate activity in Serbia.
This industrial complex forms a new strategic hub in Central and Eastern Europe, providing Phosphea with improved customer proximity in its traditional European markets and beyond.
Through this acquisition, Phosphea further develops its position as one of the leading European feed phosphates producers. Both higher production capacity and increased workforce contribute to its expertise focused on quality and customer satisfaction.
For more than 40 years, Phosphea has stood out as a deep-rooted, efficient and growing company. This achievement is a new step of its long-term strategy and supports its ambitions as one of the key players in feed phosphates worldwide.
Created in 1976 with the construction of the Saint-Malo plant in France, Phosphea, formerly called TIMAB Phosphates, is one of the world leaders in feed phosphates production.
With a workforce of 400 people and a production capacity of 770,000 tons spread over its six production sites (France, Tunisia, Spain and Serbia), Phosphea sells its products in more than 100 countries and in 2016 generated a turnover of EUR250 million.
In addition to its range of high phosphorus content phosphates, Phosphea offers its clients innovative and customized solutions such as magnesium phosphates and calcium-sodium phosphates.
Phosphea is a subsidiary of Groupe Roullier, involved in plant and animal nutrition as well as the food industry. Created in 1959, Groupe Roullier operates worldwide, has a total workforce of more than 8,000 people and in 2016 generated a cumulated turnover of EUR2,6 billion.