Linked In
News In
Linked In

You are viewing your 1 complimentary article.

Register now to receive full access.

Already registered?

Login | Join us now

Europe's largest animal feed group to list this month

Twitter Linkedin eCard

Europe's largest feed-maker is to go public this month, in what the company's chief executive sees as support for a strategy of further expansion.

The Dutch feed maker ForFarmers, which holds some 6% of the compound feed market in Europe, and turned over around E2.24bn in 2015, will list on the Euronext Amsterdam exchange from May 24.

The move is backed by the co-operative FromFarmers, which is the feed maker's majority shareholder, and more than 99% of all shareholders.

Rapid acquisitions

ForFarmers, which is based at Lochem in the Netherlands, expanded rapidly in 2012 as it snapped up the British feed maker BOCM Pauls and the Dutch feed maker Hendrix UTD, as well as number of smaller purchases since.

It is the largest feed manufacturer in the Netherlands, the UK, Belgium and Northern Germany, producing over 9m tonnes of finished feed each year.

In late 2015, ForFarmers chief executive Yoram Knoop stressed the need for further acquisitions in Belgium and Germany, in order to consolidate the company's position there.

Shareholder support

Mr Knoop said last month that the support for listing shows that shareholders are confident in its ambition for further expansion.

"We view a public stock exchange listing as a logical step in the development of ForFarmers," he said.

Mr Knoop said that feed production and supply would remain the core business of the company.

By Jamie Day

Twitter Linkedin eCard
Related Stories

Dairy prices find calm at GDT, as investors await milk production signals

Skim milk prices correct their unexpected surge of the last session, while whole milk powder values avoid the tumble suggested by futures values

Will protein prices fight back against fat in dairy markets?

Prices of fats remain elevated against protein values in dairy - at a time when the opposite is true in markets for oilseed products

World phosphate, potash shipments to grow in 2018, helped by Chinese needs

Mosaic forecasts further demand expansion, as it heralds a "transformational year" for its own fortunes, after a 2017 marred by a one-time tax charge

Deere lifts sales hopes - even as it unveils biggest loss in 25 years

The maker of John Deere tractors flags "strengthening" market conditions, but swallows a huge writedown prompted by US tax retorms
Home | About | RSS | Commodities | Companies | Markets | Legal disclaimer | Privacy policy | Contact

Our Brands: Comtell | Feedinfo | FGInsight

© 2017 and Agrimoney are trademarks of Agrimoney Ltd
Agrimoney is part of AgriBriefing Ltd
Agrimoney Ltd is registered in England & Wales. Registered number: 09239069