Cargill to acquire Brazilian animal feed producer
Oct. 31, 2017
by MEAT+POULTRY Staff
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MINNEAPOLIS – Cargill has reached an agreement to acquire 100 percent of the assets of Brazilian cattle feed producer Integral Animal Nutrition. The acquisition, expected to close in the next few months, will help the company further develop its Free Choice Mineral and premix capabilities. The deal is contingent upon regulatory approvals of the Administrative Council for Economic Defense (CADE).
"Our customers are at the forefront of everything we do, and I'm thrilled to partner with a company that has more than 31 years of experience and a strong reputation for quality products and services in Brazil," said Scott Ainslie, vice president and group director, Cargill Animal Nutrition. "We see this acquisition as an important step in our plan to grow the beef business in Brazil and strengthen our supply chain throughout the country."
Cargill’s purchase will include a production plant located in Goianira, Goiás, Brazil, and a portfolio of products ranging from Free Choice Minerals to premixes. Also included in the deal will be around 100 employees and a net revenue of 80 million reais (US$25 million) per year.
"Integral is enthused about joining Cargill to further develop capabilities and grow the feed business in our market," said Paulo Mendonca Del'Acqua, CEO of Integral. "It is important to us that we continue to build upon our commitments to achieve high sustainable products and services quality for our customers."
This acquisition will not affect operations at Cargill Animal Nutrition in Brazil.
“As we expand into this market, we bring Cargill's rich history in innovative animal feed products," said Celso Mello, managing director, Cargill Premix and Nutrition. "Our extensive work combined with Integral will be a catalyst for developing new products and solutions that continue to meet the needs of our customers.”