Europe’s largest feed-maker is to go public this month, in what the company’s chief executive sees as support for a strategy of further expansion.
The Dutch feed maker ForFarmers, which holds some 6% of the compound feed market in Europe, and turned over around E2.24bn in 2015, will list on the Euronext Amsterdam exchange from May 24.
The move is backed by the co-operative FromFarmers, which is the feed maker’s majority shareholder, and more than 99% of all shareholders.
ForFarmers, which is based at Lochem in the Netherlands, expanded rapidly in 2012 as it snapped up the British feed maker BOCM Pauls and the Dutch feed maker Hendrix UTD, as well as number of smaller purchases since.
It is the largest feed manufacturer in the Netherlands, the UK, Belgium and Northern Germany, producing over 9m tonnes of finished feed each year.
In late 2015, ForFarmers chief executive Yoram Knoop stressed the need for further acquisitions in Belgium and Germany, in order to consolidate the company’s position there.
Mr Knoop said last month that the support for listing shows that shareholders are confident in its ambition for further expansion.
“We view a public stock exchange listing as a logical step in the development of ForFarmers,” he said.
Mr Knoop said that feed production and supply would remain the core business of the company.
(Source – http://www.agrimoney.com/news/europes-largest-animal-feed-group-to-list-this-month–9538.html)