Nuscience, the specialty division of the Royal Agrifirm Group, has acquired the company Metachem Nutrientes, active in the development, production and sales of feed additives in Brazil. This acquisition is the first foothold of Nuscience in the market, according to the company.
With its production of both powder and liquid feed additives, Metachem Nutrientes is an excellent asset for the company's functional feed ingredients business unit, said Nuscience. The company has a production site in Itupeva, close to Sao Paulo. Metachem Nutrientes was part of the Metachem Group which has been trading raw materials for several industrial segments for 25 years. With this acquisition, Nuscience said it is further realizing its growth strategy based on both innovation and presence in emerging markets.
"We are delighted to close this deal with Metachem Nutrientes," said Patrick Keereman, CEO of Nuscience Group. "We have been looking for opportunities to get a foothold in South America, specifically in Brasil, because of its high potential today and in the future. Metachem Nutrientes fits perfectly with our ambitions to grow in the feed additives segment."