September 19, 2021

lieverthuis

affection for others

Barentz on the asset trail, Japfa buys dairy farms in China, federal funds for US carbon capture project, high feed prices hurting UK pig sector

Barentz International is expanding its activities in North America.

The company has entered into an agreement to acquire Pestell Nutrition Inc, a distributor of feed additives, nutritional ingredients, macro and trace minerals, and pet specialty ingredients for the animal health, animal nutrition, and pet food sectors across Canada and the US.

Headquartered in New Hamburg, Ontario, Canada, Pestell Nutrition has a significant position in Canada and a fast-growing expansion into the US animal nutrition market, said Barentz.

With over 20 warehouses and transloading facilities throughout North America supporting its distribution capabilities, the Canadian company had a turnover of around €200m (US$237m) in 2020.

The acquisition is subject to customary closing conditions including merger control clearances.

Singaporean feed player bolsters footprint in China 

Japfa, the largest poultry producer and feed producer in Singapore, through its 75%-owned subsidiary, AustAsia Investment Holdings, is buying two dairy farms in Shandong, China, according to local media​ reports.

AustAsia, which operates the group’s dairy and beef farming businesses in China, is acquiring Falcon Dairy Holdings for about US$123.4m; Falcon holds 100% of Pure Source Farm Company, which owns the two dairy farms in Shandong province.

The farms in question produce raw milk, and the acquisition will reportedly enable the group to take advantage of the favorable raw milk price environment due to the current supply shortage in the Chinese market, and also boost AustAsia’s capacity and accelerate its expansion in China.