The company has sold the Russian-based facility
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.
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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.
