Nutreco has signed an agreement to increase its shareholding in its Brazilian joint venture Nutreco Fri-Ribe from 51 percent to 97 percent, according to reports.


Nutreco Fri-Ribe supplies premix and feed specialties products for poultry, swine, ruminant and aquaculture species. The increased shareholding of the joint venture, which was formed in November 2009, provides Nutreco a good basis for building a strong position in Brazil — one of the most important agriculture and aquaculture growth markets in the world, according to the company. "After two years of strong development and cooperation with our partners, we are now ready for the next phase of growth activities in Brazil," said Jerry Vergeer, Nutreco's COO of animal nutrition. "Achieving 97 percent of the shares creates the platform to make further steps that are in line with Nutreco's strategic Ambition 2016."