Cargill to purchase LNB International Feed
Cargill has announced plans to purchase LNB International Feed B.V., a privately held animal nutrition premix business. The acquisition has been approved by the Polish and Romanian anti-trust authorities and is expected to be completed by the end of February 2007.
The main business focus of LNB is the production of premix –and/or vitamin
supplements. The acquisition of LNB will complement Cargill’s animal feed
business and will extend Cargill’s current supply network to new important
markets while also adding premix to the portfolio.
Strategic acquisition
This will be the second
largest acquisition of an animal nutrition company for Cargill, following its
Agribrands acquisition in 2001. The LNB acquisition is a compelling strategic
fit that will strengthen Cargill’s leadership in the animal nutrition sector
with distribution across key international markets, including areas with
significant growth potential such as Romania, Russia, and
Poland.
