MILAN, ITALY — Cargill announced on June 9 its intention to purchase Raggio di Sole S.p.A, a significant Italian animal feed company. Raggio di Sole S.p.A has a well-known and respected brand and a wide portfolio of products, sold through a large sales force and network and has four production facilities across the country.
The company said the acquisition represents a natural extension of Cargill's animal nutrition business in Italy, as it will build on an existing market focus in the dairy segment and create opportunities in other segments. It will enhance Cargill's ability to deliver feed solutions to customers in the exciting, growing retail segment.
"We are very excited about the future potential for the combined business," said Silvio Ferrari, president of Cargill's business in Italy. "Bringing together the committed, knowledgeable and experienced Raggio di Sole S.p.A workforce — along with their strong customer relationships — with Cargill's existing resources and capabilities will create a new, nationwide full-service offering across the spectrum of animal nutrition customers' needs."
Ferrari continued: "This announcement further demonstrates Cargill's commitment to expanding its animal nutrition business in Italy. We have been active in the country for almost 50 years and will be delighted to add Raggio di Sole S.p.A to our portfolio."
The two companies have complementary expertise and market presence in Italy, according to Cargill. The combination adds to the strengths of both and will enhance the range of products and services to customers.
"Customers have to trust their feed suppliers to access the latest research and technology and bring the benefits of experience and resources to the market," said Scott Ainslie, vice-president of Cargill's global animal nutrition business. "Together Cargill and Raggio di Sole S.p.A will be technologically advanced partners and well positioned to work with customers at all levels of the feed market across Italy."
Luisa Bonati, president of Raggio di Sole S.p.A said she is delighted for the company to be in good hands in the future.
"We have worked hard to build Raggio di Sole S.p.A into the company it is today, and I am confident that together with Cargill, our dedicated, professional team will continue their commitment to quality and excellence," she said. "I am also convinced that our customers will benefit from Cargill's commitment to grow the business."