Volac sells milk replacer arm
The completion of the acquisition sees Denkavit becoming the sole owner of the Volac Milk Replacer commercial organisation, and the Volac Socoor business in Italy.
Volac's milk replacer arm has been taken over by Netherlands-based animal nutrition firm Denkavit Group.
A spokesperson said the acquisition was a strategic decision for both parties.
Volac International chief executive David Neville said: “Our Milk Replacer business is something we can be hugely proud of. We want that business to continue to flourish.
"As our portfolio of products in Volac Animal Nutrition expands further into the feed additives area following the successful acquisition of Micron Bio-Systems in 2021, we want to build on the synergies this brings. We have decided to sell our Milk Replacer business to a leading player in that market who can give it the focus it deserves."
Denkavit chief executive Erik Buys added: “The Volac products impress us, and we believe them to be a valuable addition to our portfolio, as they are renowned for superior quality and, therefore, fit seamlessly into our group.
"This acquisition strongly supports our ambition for global leadership in the calf milk replacer industry, bringing us a strong position in the UK and Irish markets.”
The completion of the acquisition sees Denkavit becoming the sole owner of the Volac Milk Replacer commercial organisation, and the Volac Socoor business in Italy.
Product for the UK and Ireland will continue to be supplied and blended by Volac as part of the deal, and as such, the firm will remain partners in this regard.
