October 12, 2012
Nutreco to sell its Hungarian business Környe to Nuscience Group
press release
Nutreco announces that it has reached an agreement on the sale of Trouw Nutrition Környe Kft's business to Nuscience Group.
Környe operates in the premix, concentrates and young animal feed market for pigs and ruminants in Hungary. Following a strategic review it was determined that Környe did not have the scale to meet Nutreco's ambition to become the leading player in the Hungarian market. Currently, Nutreco is a global leader in animal nutrition and fish feed.
It is expected that completion of the transaction will take place by the end of this year upon Agrifirm gaining regulatory approval of the Hungarian competition authority.
In 2011 Környe had a turnover of EUR 20 million with a feed production volume of approximately 55,000 tonnes with 67 employees. The combined sales of Nuscience and Agrifirm in Hungary in 2011 were EUR 65 million, with a volume of 225,000 tonnes and a staff of 185 employees.
Nuscience Group is the premix and specialty division of the Dutch cooperative Royal Agrifirm Group.