German firm acquires Cargill animal feed business in Switzerland
Nov. 9, 2017
by MEAT+POULTRY Staff
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Aurelius Equity Opportunities plans to maintain the business in the Swiss market.
MUNICH – Aurelius Equity Opportunities SE & Co. KGaA recently closed its acquisition of Cargill’s animal nutrition business in Switzerland. Terms of the transaction were not disclosed.
The business produces a range of compound feed, premixes, feed additives, supply chain and risk management solutions in addition to software tools. The unit generated roughly €130 million in fiscal 2017 ending May 31.
“We are confident in Aurelius’ ability to take over ownership and continue delivering in the best long-term interest of both our customers and employees,” Phil Graham, group director, Cargill, said in a statement. “Cargill remains committed to the European, and more specifically the Swiss market, where we have been active since 1956.”
Cargill operates animal feed production sites in Lucens, Gossau and Kaiseraugst, Switzerland. The business produces premix and complete feed for poultry, swine and cattle. The Swiss product line includes specialty feed for pets, horses, zoo animals and medicated feed. Cargill employs about 250 people who will be transitioned under existing contracts, and operates three state-of-the-art animal feed production plants across Switzerland, including a facility constructed in 2016 in Lucens.