Japanese Conglomerate invests in Feed Additives Distribution
Marubeni Corporation (Tokio, Japan) has announced that the group has reached an agreement to buy a 60% stake in Orffa International Holding B.V. (Werkendam, The Netherlands), a distributor of Feed Additives with sales activities in 60 countries worldwide.
According to Marubeni, the global market for Feed Additives is estimated at US$ 20 bn. It is expected to continue growing at a rate of ca. 4-5% per year. Key drivers are an increasing protein demand due to population growth in emerging countries and high-quality product preferences in developed countries.
Orffa, which was established on 1967, employs a staff of ca. 100 specialists. No financial details were disclosed on the transaction:
Source: Marubeni press release
HGE / DCG – 13.03.2017