Find out about merger and acquisition activity in the poultry and animal feed industries in May.
The U.S. Justice Department (DOJ) has approved the $66 billion merger of agribusiness giants Bayer and Monsanto, with the condition that the two companies sell off $9 billion in assets. In the largest divestiture ever required by the U.S., Bayer will sell its agricultural business and assets to competitor BASF.
Limagrain Céréales Ingrédients (LCI) has taken a major step toward internationalization by acquiring Unicorn Grain Specialties from Nordian Capital. The operation will be effective in the coming weeks.
A commercial court in Rennes, France, has accepted an offer for the takeover of Doux’s poultry business from a consortium of French companies including LDC, Terrena, Plouray Poultry, Yer Breizh and Saria, and Al Munajem of Saudi Arabia.
Zoetis Inc. and Abaxis, Inc. announced May 16 a definitive merger agreement pursuant to which Zoetis will acquire Abaxis, a leader in the development, manufacture and marketing of diagnostic instruments for veterinary point-of-care services for US $83 per share in cash, or approximately $2.0 billion in aggregate.
Lantmännen is acquiring the cattle feed business from the Finnish listed company Raisio Group.
Supply chain provider Savage Companies, based in Salt Lake City, Utah, and grain and milling firm Bartlett and Co., based in Kansas City, Missouri, plan to merge their businesses to form a new combined entity, Savage Enterprises.
Subsidiaries of Tyson Foods have agreed to buy the poultry rendering and blending assets of American Proteins, and AMPRO Products, the companies announced.
OSI International Foods and Turi Foods completed a merger of their Australian operations, with the combined company to be known as Turosi Pty Ltd.
Tekni-Plex, Inc. has acquired Commodore Plastics and Commodore Technology under a newly formed subsidiary, Dolco LLC. Both businesses are based in Bloomfield, New York.