BASF sells feed premix sites to Nutreco
Chemical company BASF will be selling its animal
nutrition premix business in eight countries to the Dutch animal feed group
The sales contract was signed on February 16 and is subject to approval by
the responsible authorities. No financial details were
The concerned premix
sites are in Europe (UK, Poland, and Italy), Asia (Indonesia, China), North
America (USA, Mexico) and Central America (Guatemala). The sale affects 435
employees, who will transfer to Nutreco.
The sale, covering the
majority of BASF's animal nutrition premix business, is an important step in the
global restructuring of the Fine Chemicals division of BASF. The remaining part
of the premix business at other sites is a lot smaller and mostly locally
especially the BASF business in the UK - 'Frank Wright' - as an important asset
given its specific role as supplier to the pet food industry.
With this new step, Nutreco's premix and feed specialities business -
Trouw Nutrition International - with total annual sales in 2006 of €550 million will
almost double its sales in premixes to €400 million and will become the number two
player in the global premix industry.
â€¢ BASF Fine
Trouw Nutrition International
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