Nutreco has acquired a 51% shareholding in a Brazilian animal nutrition and fish feed company, and the new joint venture will be called Fri-Ribe.
The recently acquired company is active in the production and sales of premixes, farm minerals, compound feed, horse feed, petfood and fish feed. It consists of two privately owned companies, Fri-Ribe and Dispa, which operate under the umbrella brand of Fri-Ribe. The companies have five production plants and six sales offices spread across the central and northeast of Brazil. The companies have 400 employees and had annual revenues of EUR47 million in 2008.
Nutreco employs almost 9,300 people in 30 countries, and the company is listed on the Euronext stock exchange in Amsterdam with annual revenues of EUR4.9 billion in 2008.
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