German firm acquires Cargill feed business in Switzerland

by Eric Schroeder
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Cargill
 
MUNICH, GERMANY — Aurelius Equity Opportunities SE & Co. KGaA on Nov. 6 closed its acquisition of Cargill’s animal nutrition business in Switzerland. Financial terms of the transaction were not disclosed.

Cargill’s Switzerland-based animal nutrition business produces a range of compound feed, premixes, feed additives, supply chain and risk management solutions in addition to software tools. The unit generated roughly €130 million in the fiscal year ended May 31.

“We are confident in Aurelius’ ability to take over ownership and continue delivering in the best long-term interest of both our customers and employees,” said Phil Graham, group director, Cargill. “Cargill remains committed to the European, and more specifically the Swiss market, where we have been active since 1956.”

Cargill operates animal feed production sites in Lucens, Gossau and Kaiseraugst, Switzerland. The business produces premix and complete feed for poultry, swine and cattle. The Swiss product line includes specialty feed for pets, horses, zoo animals and medicated feed. Cargill employs about 250 people who will be transitioned under existing contracts.

Aurelius said its operational experts will support management in executing a carve-out from Cargill over the next several months, ensuring “minimal distraction” to the company’s Swiss-based animal nutrition business.

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