ForFarmers has acquired Belgium's Voeders Algoet to bolster its position in the local feed market, becoming the second-largest feed group in Belgium.

Target Company Overview

ForFarmers has successfully acquired Voeders Algoet, a Belgian feed company, thereby enhancing its market presence in Belgium. Voeders Algoet specializes in producing and supplying compound feed primarily for swine and ruminant farmers, with annual sales of approximately 150,000 tonnes. In the financial year 2016/2017, the company reported revenues around €40 million and an EBITDA of approximately €2 million. This acquisition will allow ForFarmers to integrate Voeders Algoet's offerings into its existing operations in Belgium.

Founded in the Netherlands, ForFarmers operates as an internationally recognized feed group, providing total feed solutions for both conventional and organic livestock farming. With an impressive annual sales volume of about 9.6 million tonnes, ForFarmers stands as the leading feed supplier in Europe, employing approximately 2,300 individuals and maintaining production facilities across the Netherlands, Belgium, Germany, and the United Kingdom. In 2017, the company's revenues surpassed €2.2 billion.

Industry Overview in Belgium

The agricultural and feed industry in Belgium plays a crucial role in the economy, supported by a well-established farming sector that is characterized by its focus on quality and sustainability. Belgium's strategic location in Europe provides easy access