Find out about merger and acquisition activity in the poultry, feed and pig industries in September.
Royal DSM, a global science-based company active in health, nutrition and materials, will acquire Twilmij B.V., a well-established Dutch nutritional solutions company in the animal feed sector.
Post Holdings has agreed to acquire Bob Evans Farms for $77 per share or about $1.5 billion.
BioMar has completed its acquisition of Alimentsa, initially announced in June. All necessary approvals have now been obtained and Alimentsa will be a part of BioMar Group, effective September 13. The acquisition will position BioMar among the leading shrimp feed producers in Latin America, creating synergies toward existing business.
Phibro Animal Health Corporation has announced its purchase of Biotay S.A., a leading privately held developer, manufacturer and marketer of animal health and nutritional products based in Argentina. Acquiring the Biotay business strengthens Phibro's core business and provides new opportunities in a key and growing segment of the animal health industry in .
The Polish Competition Authority has approved Royal Agrifirm Group's acquisition of compound feed company Bacutil.
Pilgrim's has acquired Moy Park, a leading poultry and prepared foods supplier with operations in the United Kingdom and Continental Europe, from JBS S.A. The transaction, valuing the equity interest of at approximately US$1.0 billion (or approximately GBP790 million based on a 1.31 exchange rate as of September 8, 2017), implying an enterprise value of approximately US$1.3 billion (GBP1 billion), was announced on September 11.
Nestlé USA has agreed to acquire Sweet Earth, a plant-based foods manufacturer based in Moss Landing, California. The acquisition gives Nestlé immediate entry into the plant-based foods segment, which is growing by double digits and expected to become a $5 billion market by 2020.
3M announced Sept. 7 it has acquired Elution Technologies, a Vermont-based manufacturer of test kits that enable food and beverage companies to help ensure their products are free from potentially harmful allergens, such as peanuts, soy or milk.
One of the leading suppliers of innovative lighting for livestock farming, Greengage Lighting Ltd, has acquired all the assets and intellectual property rights of Isotera, designers and manufacturers of power and control systems for LED lighting in a rescue deal.
On July 26, Marel announced that the company had entered into an agreement to acquire Sulmaq. The conditions of the acquisition have been satisfied and the transaction successfully closed on August 31. The Sulmaq acquisition is in line with Marel's strategy to be a full line supplier to the poultry, meat and fish industries globally.
Dow and DuPont have completed their merger, effective Aug. 31, 2017. The combined entity now operates as a holding company under the name DowDuPont with three divisions - Agriculture, Materials Science and Specialty Products. Shares of DuPont and Dow ceased trading at the close of the New York Stock Exchange (NYSE) on Aug.