ForFarmers Nederland B.V. signed a contract today (22nd of July 2016) with VleutenSteijnVoeders B.V. (‘Vleuten-Steijn), a feed company focussed on the swine sector, predominantly in the South East of the Netherlands. The acquisition is in line with ForFarmers’ strategy to realise growth, both autonomously as well as through acquisitions.
Vleuten-Steijn generated a turnover of some €91m in 2015 from the sale of approximately 295,000 tons of feed to mostly larger companies in the swine sector in both the Netherlands and Germany, particularly in the sow and piglet segment. Vleuten-Steijn has outsourced the feed production to third parties.
ForFarmers strengthens its position in the Dutch swine sector with this acquisition, particularly as a result of the knowledge of the large and specialised companies where Vleuten-Steijn has built up a strong reputation. ForFarmers aims to make use of this knowledge and also offer this to its customers.
Jan Potijk, ForFarmers Netherlands’ Director, stated: “We believe in a swine sector which will be profitable in the long term. This acquisition fits in perfectly with the accordingly necessary consolidation. Vleuten-Steijn’s employees’ specific knowledge and experience will contribute to the further strengthening of our Total Feed approach, which we already offer to pig farmers”.
Vleuten-Steijn’s current owners, Bart van der Vleuten and Henk van der Steijn, are convinced this acquisition will strengthen their customers’ position, as well as pig farming in general: “ForFarmers is a very ambitious company, focussed on supplying feed with accompanying advice in a way which is as professional and efficient as possible.”
Vleuten-Steijn will remain active as an independent entity within ForFarmers, whereby the two director owners and 10 of Vleuten-Steijn’s employees will remain employed by Vleuten-Steijn following the closing of the acquisition.
ForFarmers will be acquiring all of VleutenSteijnVoeders B.V.’s shares. The closing of the transaction is subject to the Dutch and German competition authorities.