Adisseo has acquired Belgian feed additives firm Nutriad

14-Dec-2017 - Last updated on 14-Dec-2017 at 12:28 GMT

Feed additive producer, Nutriad, which operates four laboratories and five plants located in Belgium, Spain, the UK, China and the US, has been bought by Chinese group, Adisseo.

Headquartered in Dendermonde, in Belgium, Nutriad has been manufacturing feed additives for over 50 years. It generates gross sales of about US$100m annually and is focused on palatability, mycotoxin management and digestive performance for the poultry, swine, cattle and aquaculture sectors.

A spokesperson for Adisseo, which became a subsidiary of China's BlueStar group in 2006 and is listed on the Shanghai Stock Exchange, told us:

“The acquisition of Nutriad is a great opportunity to accelerate the development of Adisseo, in particular, for our specialties business, through products, customers and geographies complementary to ours, [and] species skills that we want to strengthen and develop.”

While reporting its 2017 H1 results in July, Adisseo said that revenue and gross profit for its specialty products such as enzymes, organic selenium and probiotics increased by 31% and 46% respectively.

It flagged up the great growth potential it saw in specialty products and said that it would continue to invest in innovation, especially in new nutritional feed additives, launch new products and extend the geographical coverage of its products.

Nutriad buys full stake in Chinese JV

Nutriad recently bought out its joint venture partner’s stake in Chinese firm, Feed Flavour International (FFI), thus gaining full ownership. The parties did not disclose the financial terms of the deal, which was announced in December

Erik Visser, CEO of the Belgian firm, said Nutriad wanted to integrate its mycotoxin management, digestive performance and preservation portfolios with FFI’s palatability line to create a company that “will be able to address nutritional and veterinary challenges of Chinese producers.”

It is looking to achieve accelerated growth in the Chinese feed market and increase its’ market share across all species.

Nutriad also invested in a new palatability factory in Nantong earlier this year, under the FFI brand. The facility, with a 10,000 Mt capacity per year, targets the swine, ruminant and aquaculture sectors.