Nutreco signs agreement to sell Hendrix to ForFarmers

Hendrix a leading supplier of compound feeds in the Netherlands and Belgium is being sold to ForFarmers for €92.5 million (US$124.588 million) resulting in a book profit at completion. Hendrix owned by Nutreco operates 10 production facilities with a total capacity of 2.5 million tons. The agreed sale will go ahead early 2012 if ForFarmers gets regulatory approval from the European anti-competition authorities and shareholder approval. Wout Dekker, CEO of Nutreco, commented: "The intended sale of Hendrix to ForFarmers is in line with Nutreco's strategy to participate in the consolidation of the compound feed industry in mature markets such as the Netherlands and Belgium. Read more ...