Nutreco strengthens poultry operations in Spain
Nutreco has signed a letter of intent to purchase the feed, poultry and pig assets of Copaga in Catalonia, Spain.
Copaga’s assets to be acquired comprise a feed factory (300,000 tonnes), a poultry processing facility, as well as a pig integration business.
The poultry processing plant has the production capacity to produce approx. 25 million chickens per year, and has been operated by Nutreco since July 2000 under a lease contract. The pig integration business of Copaga has 11,000 sows producing approximately 200,000 pigs per year.
The acquisition of these assets of Copaga enables Nutreco (Spain) to further optimise feed, poultry and pig capacity, as well as to reduce production costs, resulting in additional revenue of approx. €50 million. The transaction is subject to due diligence and approval of the members of the Copaga cooperative and of Spanish regulatory authorities. It is expected to close in the first quarter of 2008.
Related links:
For all you need to know about Feed, visit www.AllAboutFeed.net
For all you need to know about Pigs, visit www.PigProgress.net
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