ForFarmers N.V.

Approval from competition authority for sale of ForFarmers’ Belgian compound feed activities to Arvesta

Lochem, 29 September 2023                           

Approval from competition authority for sale of ForFarmers’ Belgian compound feed activities to Arvesta

The Belgian competition authority has today approved the sale by ForFarmers of its compound feed activities to Arvesta. This transaction, as announced on 4 April 2023, means that Arvesta takes over the compound feed activities, the employees, the production site in Izegem and the mill in Ingelmunster in West Flanders from ForFarmers. ForFarmers’ sale activities regarding co-products, organic feed by Reudink and horse feed by Pavo are excluded from this transaction.

The transaction will be closed by mid-October, when ForFarmers will receive a net amount of €25 million in cash from Arvesta as agreed in the sale / purchase agreement.

This transaction fits in with ForFarmers' strategic focus, with an emphasis on ecological and economic returns. This acquisition is also in line with Arvesta's continued strategy and strengthens its position on the Belgian market for the benefit of the customer in order to continue to build the agriculture of tomorrow.

This press release contains information that qualifies as inside information within the meaning of Article 7 paragraph 1 of the EU Market Abuse Regulation.


Note to the editor / For further information:
Caroline Vogelzang, Director of Investor Relations
M [phone] • E: [e-mail]

About ForFarmers
ForFarmers N.V. is an international organisation that provides complete innovative feed solutions to the livestock farming industry. With its For the Future of Farming mission ForFarmers underpins its commitment both to the continuity of farming and to further increasing the sustainability of the agricultural sector. ForFarmers is a leading feed producer in Europe with annual sales of around 9 million tonnes of animal feed and is active in the Netherlands, Belgium, Germany, Poland and the United Kingdom. ForFarmers has around 2,500 employees and in 2022 generated revenue of approximately €3.3 billion. ForFarmers N.V. is listed on Euronext Amsterdam.