The feed sector is consolidating in Belgium. ForFarmers acquires Voeders Algoet (Zulte; Belgium) for 14 million euro ( 6 times EDITDA). Voeders Algoet has been established in 1883 on the riverbanks of the Leie (Western Belgium). The company produces 150000 tonnes of feed annually ( 50 % of it to be pig-feed) and has 22 employees. The size of the Belgian feed market is about 7 million tons.
ForFarmers was a cooperative originally, but is now listed on the (AEX) stock exchange. The company manufactures and commercializes feed in The Netherlands, Belgium, Germany and the UK (turn-over 2017: 2.2 billion euro: 2325 employees). ForFarmers runs 42 productionsites.
Source: nieuwsblad.bbe June 12th 2018
Author: Eddy Lefevre
Google search terms: ForFarmers/ Voeders Algoet
Pictures: Jonathan Hutchins;Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0);https://www.geograph.org.uk/photo/5199303