Located in a strategic region for swine production in Brazil, this acquisition will allow Cargill to be even closer to producers, while also creating meaningful opportunities for employees and customers.
Cargill
Aquafeed giant Cargill has made a binding offer to acquire 100% of the operations of Mig-Plus, a Brazilian family-owned company specializing in animal nutrition solutions for various species.
Mig-Plus is headquartered in Casca, in the state of Rio Grande do Sul, operating two facilities and employing 450 people. Consequently, Cargill will get closer to producers and expand its offerings to employees and customers.
"By combining our innovation capabilities and integrated solutions approach with unique products, technical-commercial teams, and decision-making tools, we will enhance our ability to improve customer outcomes. This investment is yet another example of Cargill's confidence in and commitment to growth in the Brazilian market," said Adriano Marcon, President of Cargill Animal Nutrition & Health.
This transaction will be finalized once the Administrative Council for Economic Defense (CADE) grants its regulatory approval and the customary closing conditions are met.
"This transaction will bring value to customers, who will benefit from enhanced expertise, technology, and innovative solutions. Both companies share a common purpose and values. The care Cargill demonstrates for people gives us confidence throughout this process," concluded Tadeu Migliavacca, CEO of Mig-Plus.
In February, Lerøy Seafood Group will introduce chicken by-products as an ingredient in fish feed with the help of its feed supplier EWOS, which was acquired by Cargill in 2015. In this way, they aim to take advantage of the opportunities that are now opening up for the industry.