Nutreco has sold its Russian livestock feed operation to its local management. It has completed the regulatory procedures and closed the transaction, the company confirmed to WeAreAquaculture. Nutreco will no longer have any business interests in Russia.
Thereby, it will discontinue the export of aquaculture feed and feed additives into Russia after having fulfilled existing obligations.
On the other side, the buy-out concerns Nutreco's livestock feed facility in Liski, and sales offices in Moscow, Voronezh, St Petersburg, and Nizhny Novgorod. According to the company, the business currently employs a total of 210 staff.
However, Nutreco stated that the management buy-out is "the best way" to offer continuity for employees and ensure stability in the local feed-to-food chain.
Nutreco N.V. is a Dutch producer of animal nutrition, fish feed, and processed meat products. It has about 100 production facilities in more than 30 countries and eight research centers. The company was founded in 1994 after a Cinven-backed management buyout of the feed and nutrition division of BP. Nutreco was listed on Euronext Amsterdam from 1997 until 2015 when the company was delisted following its acquisition by SHV Holdings.
Fulco van Lede joined Nutreco in August 2021 as Chief Executive Officer, after almost two decades in leadership positions at Nutreco's parent company, SHV Holdings N.V. He served on the company's Executive Board of Directors since 2018 and played an important role in supporting and defining a sustainable future for SHV.
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