Feeding the Future

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Animal nutrition and aquafeed leader Nutreco partners with cell-based protein companies

Amersfoort, January 16, 2020: Today, Nutreco announced its latest strategic partnership with cell-based seafood start-up BlueNalu. This announcement comes only a week after an announcement about Nutreco’s collaboration with cell-based meat start-up Mosa Meat. These partnerships amplify Nutreco’s commitment to Feeding the Future with science-based innovations that advance sustainability across the value chain.

Nutreco and its customers share critical challenges when it comes to delivering on Nutreco’s mission of Feeding the Future. The food and feed industry must meet a growing demand for high quality protein. This demand is driven by a growing population – estimated to rise to almost 10 billion by 2050 - but also by more affluent consumers demanding more diversified diets – including protein.

The earth has a finite amount of environmental resources – it is estimated that we use over 1.5 times the resources that the world has to offer – driving demand for sustainable solutions. Furthermore, industry players must respond to environmental factors and societal factors, such as climate change as well as regulatory policies that impact food production.

Nutreco CEO, Rob Koremans says, “Our strategic partnerships are all designed to ensure Nutreco plays its part in ensuring there is enough sustainable food to feed the growing population. Mosa Meat and BlueNalu are developing very exciting technology that could potentially transform the way in which our industry feeds the future and we are thrilled to contribute to these developments. A future opportunity for Nutreco may include becoming an ingredient supplier to the cell-based protein industry.”

Maarten Bosch, Mosa Meat CEO says, “We’re delighted to be partnering with Nutreco to create the value chain for new proteins that can help feed the future population sustainably. This partnership is a significant milestone for us as we continue on our journey to develop cultured meat whilst protecting our precious planet.”

Lou Cooperhouse, CEO of BlueNalu says, “We are excited to partner with Nutreco to bring a third option to the seafood supply chain, complementing wild-caught seafood and traditional aquaculture in a way that is healthy for people and sustainable for the planet.”

Rob Koremans continues, “While these new strategic partnerships allow Nutreco to serve as an advisor in the development of alternative protein for food, our core business will continue to focus on supplying sustainable, high quality nutritional solutions to our customers in the feed space. We remain fully committed to providing farmers with digitally-enabled and farm-focused solutions to support them in raising their animals in an effective and sustainable manner.”

The partnerships with BlueNalu and Mosa Meat are made through Nutreco’s strategic innovation and investment team, NuFrontiers, and build on the research, ingredient sourcing and protein expertise of Nutreco companies Skretting and Trouw Nutrition. 

Nutreco signs a deal to acquire Cargill’s compound feed business in Portugal

Amersfoort, October 30, 2019 – Nutreco announces today that it has signed an agreement to acquire Cargill’s compound feed business in Portugal for an undisclosed price. Once the deal is completed, the business will become part of Nanta, Nutreco’s Iberian animal feed business within its animal nutrition division, Trouw Nutrition. Today’s deal will strengthen Nanta’s position in Portugal.

“We are delighted to announce that Nutreco, has signed a deal to acquire such a reputable business,” said Nutreco COO and Trouw Nutrition CEO Harm de Wildt. “Closing this transaction is part of our strategy to strengthen and grow our base in the Iberian Peninsula.”

The deal covers Cargill’s production of compound feed for the Portuguese market, mainly ruminant feed and lifestyle feed, which is sold both directly to professional farmers and through a network of dealers and retail stores. Its two plants in Portugal – one in the North in Ovar and one in the centre-south in Alverca – will transfer to Nutreco as part of the deal, increasing Nanta’s footprint in Portugal from its current one plant in Marco de Canaveses to three, allowing for production optimization. Cargill’s premix and nutrition business in Portugal is not included in the transaction.

“The sale of our compound feed business in Portugal reflects our efforts to geographically align assets in our portfolio with our strategy to focus on core nutritional excellence. It also creates further growth opportunities for our business and our people with an organization that has a strong appetite for investment and will continue delivering in the best long-term interests of both our customers and employees,” said Jolanda van Haarlem, regional managing director for Cargill’s animal nutrition business in EMEA. 

Nanta already has a fully-fledged organization in Portugal, which will take over management of Cargill’s compound feed operations in Portugal.

Nutreco’s Managing Director Iberia Gerd Botter explains, “We will be working closely together with Cargill’s compound feed business in Portugal to ensure a proper integration of the business as soon as possible after all necessary authorizations have been given. Doing so will ensure that customers continue to get the products they need as they need them and at a quality level they’re used to. Expanding our base in this way will improve our services to our existing customer base in Portugal while providing Nutreco a great platform for growth.”

Subject to approval from the Portuguese authorities, the transaction is expected to be completed in three to five months. 

 

Soy

Our stance on soy

Nutreco, through its divisions Skretting (aquaculture) and Trouw Nutrition (animal nutrition), purchases soy each year as a raw ingredient for our animal and aqua feed products. Some of this is purchased from Brazil. Whilst we have no reason to believe that soybean farmers in our supply chain hold any responsibility for the fires in the Amazon, we are actively conducting an internal review with the aim of ensuring the soy we buy in deforestation-risk geographies is conversion-free or certified deforestation free. This review may result in prioritizing soy purchases out of high-risk sectors. 

We believe that companies within our industry play an important role in ensuring raw materials are farmed in a sustainable way and we are committed to doing our part. Wherever possible, we always work with NGOs and reputable international organizations to ensure the raw materials we source are sustainable and farmed with as little impact as possible on the planet. In addition, our divisions Skretting and Trouw Nutrition have transition plans in place to meet deforestation targets by 2025 set-out by FEFAC. Supply chain diversification, development of alternative ingredients and risk minimization have been, and will continue to be, a focus for Nutreco.

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Skretting

Skretting is our global company brand for fish and shrimp feed

Skretting

Trouw Nutrition

Trouw Nutrition is our global company brand for animal nutrition

Trouw Nutrition

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