Good fit
According to Henk Botter, Commercial Director at Denkavit, the sales markets of Denkavit and Nutrifeed complement each other well. In addition, Denkavit’s production site in Voorthuizen is currently running at full capacity, with the additional production location therefore providing more opportunities for efficient production.
Denkavit creates opportunities to add value to dairy by-products.
Erik Buys, CEO of Denkavit, explains: “With this acquisition we are further expanding our global position in young animal nutrition. The agreement on the supply of dairy by-products also strengthens our sourcing of raw materials.”
Herman Ermens, President of FrieslandCampina Ingredients, is equally enthusiastic: “Denkavit is a strong partner with international growth ambitions for our animal feed business, enabling us to create more value from our dairy by-products.”
Independent business unit
Following the acquisition, Nutrifeed will operate as an independent business unit within the Denkavit Group. Employees working in FrieslandCampina’s animal feed activities will transfer to Denkavit.
Transaction support
De Jong & Laan Corporate Finance advised Denkavit throughout the acquisition of this international carve-out. With the acquisition of Nutrifeed, Denkavit strengthens its role as a leading global player in the young animal nutrition market.
Our transaction support included M&A advisory and conducting a due diligence investigation. The M&A team consisted of Theo de Cock, Annemarie Schulenburg, and Timon Schuurmans.
The due diligence was led by Marco Herder. Other team members included Timon Schuurmans and Lisa Schreijer (financial), Johan Hobma and Michelle Smeenk (HR), Hans Friedrich-Meerholtz (IT), and Marian Brendel-ter Horst (tax advisory).
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