Marubeni Corp. has reached a definitive agreement to acquire a 60 percent stake of Olympus Holding B.V., the holding company of Orffa International B.V., from management and ING Corporate Investments Participaties B.V. for an undisclosed amount. After the acquisition, management will continue in their current roles and will remain actively involved in day-to-day operations.
Through its participation in Orffa, Marubeni will further expand its animal feed trading and development presence in Europe. In addition, Marubeni will introduce Orffa’s capabilities to its network in Asia. The combination will continue to invest in products and opportunities, significantly benefitting Orffa’s current customers, suppliers and employees.
“Orffa has been growing consistently over the last years on basis of a strategy with partnerships and innovation as cornerstones,” said Eddy Ketels, CEO of Orffa. “Marubeni is an excellent partner for us, creating synergies which will allow us to accelerate our future growth and deliver value to both our employees, our partners and our clients.”
More about the companies
Orffa develops, customizes, sources and offers feed additives and feed additive concepts for the animal nutrition market. Its feed solutions range from simple individual products to complex solutions that aim to overcome and solve the challenges faced by the animal production industry. Marubeni conducts diversified business activities such as importing and exporting (including offshore trading) and domestic business transactions, while providing various services and making domestic and overseas business investment and resource development.
