Nutreco announced today that it has signed an agreement to purchase 100% of the shares of Bellman Nutriçao Animal Ltda, a Brazilian supplier and producer of farm minerals, concentrates and supplements for ruminants. This acquisition strengthens Nutreco's premix and feed specialities position in Brazil, one of the most important agriculture and aquaculture growth markets in the world. Brazil is the third largest animal nutrition market in the world, with annual growth of approximately 4 - 5%.
Bellman is a large farm mineral player in the Brazilian market operating in 18 states with a strong market position in the midwest of Brazil. In addition to the existing production facility in Mirassol, northwest São Paulo state, a second plant will become operational in 2012 in Mato Grosso. The company has excellent brands built on a science based market approach. Bellman employs 165 people and in 2011 revenues amounted to EUR 37 million.
Jerry Vergeer, Nutreco's Chief Operating Officer Animal Nutrition: "Following our recently announced increased shareholding in Nutreco Fri-Ribe, we are excited about the acquisition of Bellman. The company has a very strong reputation and market position, delivering value added products and services to its customers. Its activities, geographical presence and product proposition are fully in line with our strategy Ambition 2016."
Nutreco's 'Ambition 2016 - driving sustainable growth' is to grow and improve profitability by innovative and sustainable nutritional solutions for its customers. This will be realised by focusing on a higher margin portfolio of nutritional solutions such as premixes, feed specialties and fish feed and by expanding into the growth geographies of Latin America, Russia, China and Southeast Asia, which will see the largest increases in both production and consumption of animal protein food products.
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Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and experience for building its future. Nutreco employs approximately 10,000 people in 30 countries, with sales in 80 countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam and with annual revenue of EUR 4.7 billion in 2011.