Find out about merger and acquisition activity in the poultry and animal feed industries in September 2020.
Lagenda moves to exit the poultry industry
In a move that marks the company’s departure from the poultry business, Lagenda Properties Bhd has exercised its option sell its remaining stakes in six businesses in the sector.
Cherkizovo’s acquisition of Cargill poultry plant closes
Cherkizovo Group closed on the acquisition of a chicken processing plant in Efremov, in Russia’s Tula oblast, from Cargill.
CP Foods to acquire Chia Tai’s swine business
Charoen Pokphand Foods PCL (CPF) will acquire the swine business of Chia Tai Investment Co. Ltd. (CTI), pending shareholder approval. CTI is an indirect subsidiary of CPF, via C.P. Pokphand Co. Ltd (CPP).
Lewis & Clark AgriFood invests $7.7M in BinSentry Inc.
Lewis & Clark AgriFood, a St. Louis-based food and agriculture-focused investment firm, has announced the closing of a $7.7 million investment round from its Lewis & Clark AgriFood Fund II in BinSentry, which provides digital sensor technology to help feed mills and farmers operate more efficiently.
Adisseo announces plans to acquire FRAmelco Group
Adisseo has agreed to acquire FRAmelco Group, a Dutch animal feed additive company. The move aligns with Adisseo’s strategy to become one of the global leaders in specialty feed ingredients for animal nutrition.
Marel acquires German food cutting technology provider
Marel has entered into an agreement to acquire TREIF Maschinenbau GmbH (TREIF), for EUR 128 million in cash and 2.9 million Marel shares.
Simmons Foods sells its propane business
Simmons Foods has sold its small propane supply business, Simmons Energy Solutions, to MFA Oil Company.
Plukon Food Group to become majority owner of Optibrut
Plukon Food Group, the largest poultry company in the Netherlands, will acquire 51% of German hatchery company Optibrut.
