Chemical company BASF will be selling its animal nutrition premix business in eight countries to the Dutch animal feed group Nutreco.
The sales contract was signed on February 16 and is subject to approval by the responsible authorities. No financial details were disclosed.
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 focused.
Nutreco considers 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.
Related web sites:
â€¢ BASF Fine Chemicals
â€¢ Trouw Nutrition International