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Nutreco signs a deal to acquire Cargill’s compound feed business in Portugal

Amersfoort, October 30, 2019 – Nutreco announces today that it has signed an agreement to acquire Cargill’s compound feed business in Portugal for an undisclosed price. Once the deal is completed, the business will become part of Nanta, Nutreco’s Iberian animal feed business within its animal nutrition division, Trouw Nutrition. Today’s deal will strengthen Nanta’s position in Portugal.

“We are delighted to announce that Nutreco, has signed a deal to acquire such a reputable business,” said Nutreco COO and Trouw Nutrition CEO Harm de Wildt. “Closing this transaction is part of our strategy to strengthen and grow our base in the Iberian Peninsula.”

The deal covers Cargill’s production of compound feed for the Portuguese market, mainly ruminant feed and lifestyle feed, which is sold both directly to professional farmers and through a network of dealers and retail stores. Its two plants in Portugal – one in the North in Ovar and one in the centre-south in Alverca – will transfer to Nutreco as part of the deal, increasing Nanta’s footprint in Portugal from its current one plant in Marco de Canaveses to three, allowing for production optimization. Cargill’s premix and nutrition business in Portugal is not included in the transaction.

“The sale of our compound feed business in Portugal reflects our efforts to geographically align assets in our portfolio with our strategy to focus on core nutritional excellence. It also creates further growth opportunities for our business and our people with an organization that has a strong appetite for investment and will continue delivering in the best long-term interests of both our customers and employees,” said Jolanda van Haarlem, regional managing director for Cargill’s animal nutrition business in EMEA. 

Nanta already has a fully-fledged organization in Portugal, which will take over management of Cargill’s compound feed operations in Portugal.

Nutreco’s Managing Director Iberia Gerd Botter explains, “We will be working closely together with Cargill’s compound feed business in Portugal to ensure a proper integration of the business as soon as possible after all necessary authorizations have been given. Doing so will ensure that customers continue to get the products they need as they need them and at a quality level they’re used to. Expanding our base in this way will improve our services to our existing customer base in Portugal while providing Nutreco a great platform for growth.”

Subject to approval from the Portuguese authorities, the transaction is expected to be completed in three to five months. 

 

Nutreco Young Researchers Prize

To mark our 25th anniversary, Nutreco has launched a Young Researchers Prize. The Prize will be awarded to the most promising research by PhD and post-doctorate students working globally across animal, aquaculture and veterinary sciences. Any research relevant to this field, such as economics or big data, is also eligible. 

The prize recognises outstanding research efforts to address the increasingly important challenge of generating enough food for the world’s growing population. The solutions to this challenge will have to be systemic and sustainable, encompassing the various different farming systems on our planet.

“Nutreco was founded 25 years ago to help develop solutions to meet the growing demand for high quality protein,” said Nutreco CEO Rob Koremans. “We want to mark that milestone by recognising the efforts of talented researchers who share our vision in unearthing new solutions for Feeding the Future, which has been our company mission for many years. We hope this prize will stimulate promising young researchers to keep working towards this goal.”

Prize details

The Nutreco Young Researchers Prize consists of:

  • First place, with a cash prize of €12,000
  • Second place, with a cash prize of €8,000
  • Third place, with a cash prize of €5,000

The award applications need to be submitted in one of the following categories:

Precision Farming: Precision – or smart – farming means that plants or animals are grown in optimal conditions, determined with great accuracy by harnessing digital tools and big data. A range of technology is used to this end, including GPS, sensor technology, ICT and robotics. Technology can assist in strategic decision-making at farm level as well as with operational actions at plant level. This allows production to be optimised and we can thus work on more sustainable farming systems.

Precision nutrition is a method that proposes the customisation of nutrition, with nutritional decisions, practices, or products tailored to individual or small groups of animals with similar requirements.

Young Animal Nutrition: Nutrition of the mother pre-birth or hatch and of the offspring in early life impacts their lifetime health and performance. It is therefore essential to optimise the neonatal phase (first days or weeks of life). Young animals not only need proper nutrition for the growth and development of bones, muscles, and organs, but also for proper development of, for example, the gastrointestinal defence system. 

Animal Health & Welfare: Animals are especially sensitive during critical transition phases such as weaning, reproductive periods and relocation to other environments. Dietary strategies can contribute to disease resistance and resilience in animals, and thereby reduce the need for antibiotics and other treatments. Nutrition affects the gastrointestinal functioning of the gut in many aspects and has a significant impact on the intestinal microbiome, the intestinal barrier function and the development of immune competence. In addition, assuring overall well-being and an absence of stress will have a positive influence on disease resistance. Adopting new strategies in animal health are expected to contribute to reducing the need for non-sustainable solutions such as antimicrobials.

Submission process

To be considered, young researchers must be nominated by a professor or supervisor at their place of study through a letter of support. 

Entrants should also send a CV and an article about their chosen study, a submission to a conference or a summary of their thesis. The document, which should be no longer than three A4s, should include the following information:

  • Which category the submission is in
  • What the proposal is
  • How the proposal will work
  • How the proposal supports our mission of Feeding the Future
  • Any other relevant information for the judging panel

Selection criteria will be based on:

  • Quality PhD or post-doctorate research
  • Innovativeness
  • Sustainability of the proposal
  • High quality and value for agri- and aquaculture industries.

Deadline: The final submission date for researchers is December 9, 2019. The prizes will be awarded in person in Europe in early 2020. There will be a traveling budget for the nominees to attend the award ceremony.

The judging panel consists of leading experts in the field of sustainable nutritional solutions including Nutreco’s heads of Research & Development, Leo den Hartog, Alex Obach, and Coen Smits, in addition to Viggo Halseth, Chief Innovation Officer Nutreco and José Villalón, Corporate Sustainability Director Nutreco.

For more information or any further questions, please contact Nutreco via the corpcomm@nutreco.com mailbox.

Soy

Our stance on soy

Nutreco, through its divisions Skretting (aquaculture) and Trouw Nutrition (animal nutrition), purchases soy each year as a raw ingredient for our animal and aqua feed products. Some of this is purchased from Brazil. Whilst we have no reason to believe that soybean farmers in our supply chain hold any responsibility for the fires in the Amazon, we are actively conducting an internal review with the aim of ensuring the soy we buy in deforestation-risk geographies is conversion-free or certified deforestation free. This review may result in prioritizing soy purchases out of high-risk sectors. 

We believe that companies within our industry play an important role in ensuring raw materials are farmed in a sustainable way and we are committed to doing our part. Wherever possible, we always work with NGOs and reputable international organizations to ensure the raw materials we source are sustainable and farmed with as little impact as possible on the planet. In addition, our divisions Skretting and Trouw Nutrition have transition plans in place to meet deforestation targets by 2025 set-out by FEFAC. Supply chain diversification, development of alternative ingredients and risk minimization have been, and will continue to be, a focus for Nutreco.

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Skretting is our global company brand for fish and shrimp feed

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Trouw Nutrition is our global company brand for animal nutrition

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