Find out about merger and acquisition activity in the poultry, feed and pig industries in June.
Nutreco has completed the acquisition of Hi-Pro Feeds, after satisfying all closing conditions and having received regulatory approvals. As part of the integration, Nutreco's combined animal nutrition businesses in North America, consisting of Shur-Gain, Landmark and Hi-Pro Feeds, will now trade under the name Trouw Nutrition.
Mountaire Farms has entered an agreement to purchase the grain elevators and operating assets of Lansing Trade Group LLC in Pocomoke, Maryland; and Eastville and Painter, Virginia. "Mountaire is a family owned agricultural company with deep roots on the Eastern Shore," said Mountaire Farms President and CEO Paul Downes.
Nordic company Scandi Standard AB has entered into an agreement to acquire Ireland-based chicken processor Manor Farm. According to a press release from Scandi Standard, Manor Farm had net revenues of EUR164 million (US$187.2 million) and EBITDA of EUR13 million (US$14.8 million) in 2016.
Amazon has reached an agreement to acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market's net debt.
Dow Chemical Co. and DuPont Co. have won conditional antitrust approval from regulators in the U.S. for their proposed $73 billion merger, according to reports.
Arm & Hammer Animal Nutrition has announced additions to its research and development, technical services and sales teams, along with new roles for several current team members.
As a part of the company's expansion strategy, BioMar Group has taken a solid step into the shrimp feed market by acquiring 70 percent of the Ecuadorian shrimp feed producer Alimentsa. The acquisition will position BioMar among the leading shrimp feed producers in Latin America, creating synergies toward existing business.
Two independent accounting firms have announced a merger expected to bring their expertise, resources and know-how to the food and agriculture sectors of the Southwest region of the U.S. The merged firm will be known as Frost, PLLC and will continue to operate out of all current locations.
Land O'Lakes Inc. has made a minority equity investment in EFC Systems Inc., an ERP (enterprise resource planning) and precision solution provider for the agricultural retail and distribution marketplace headquartered in Brentwood, Tennessee.
Tyson Foods has successfully completed the acquisition of AdvancePierre Foods Holdings. The company completed a tender offer to buy all the outstanding shares of common stock of AdvancePierre for $40.25 per share in cash, without interest. The offer expired at midnight at the end of June 6, and was followed by a merger of a wholly-owned subsidiary of Tyson Foods into AdvancePierre.
Munters Group, the global leader in energy efficient air treatment and climate solutions, has announced the acquisition of Brazilian-based Edata, which specializes in key software for food processing plants, primarily for poultry production.
Smithfield Foods completed its acquisition of Pini Group's packaged meats companies in Poland. These companies will be operated by Animex Foods, one of the largest food producers in Poland and part of Smithfield Poland, which is owned by Smithfield Foods.
Dutt & Wagner of Virginia has reached an agreement to acquire substantially all the assets of Parker & Reichman, relating to their commercial production, processing, distribution and sale of shell eggs business. The assets to be acquired include commercial egg production, feed mill, pullet rearing, and processing facilities with current capacity for approximately 600,000 laying hens and 200,000 pullets located near Andrews, North Carolina.
Cargill has acquired Colombia-based Pollos El Bucanero S.A. (Bucanero Chicken), one of Colombia's leading producers of chicken and processed meats products. The acquisition marks Cargill's first introduction of its global protein business into Colombia. Pollos Bucanero has more than 30 years of experience and its products are the preferred choice of food service companies and retailers in multiple regions of Colombia.