Netherland's Royal Agrifirm Group purchase two Serbian factories

The leading European manufacturer of animal feed, Royal Agrifirm Group from the Netherlands, signed a contract to purchase two Serbian factories. The agreement on the acquisition, the value of which is confidential, was signed in the presence of Serbian President Tomislav Nikolic...

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Netherland's Royal Agrifirm Group purchase two Serbian factories



Balkans.com Business News Correspondent - 04.09.2013

The leading European manufacturer of animal feed, Royal Agrifirm Group from the Netherlands, signed a contract to purchase two Serbian factories. The agreement on the acquisition, the value of which is confidential, was signed in the presence of Serbian President Tomislav Nikolic in the Serbian Chamber of Commerce. 
Royal Agrifirm Group purchased a 35% stake in the Serbian company ‘Sto Posto’ from Velika Plana, with plans to invest 30 million euros in it over the next three years. Nuscience, a specialized company within the Agrifirm Group, bought a 51 percent stake and became the majority owner in Novimix, a local producer of vitamin and mineral mixes for animal nutrition. Zoran Vukadinovic, owner of the Sto Posto company, underlined that much could be learnt from the Dutch, which will, along with modern technology and knowledge, contribute to improvement of the Serbian agriculture as a whole. It will also help small farmers and boost production and exports of meat and milk. With modern technologies, knowledge and better utilization of resources, Serbia can become a major food producer and double the GDP, Vukadinovic believes. The Netherlands has half as much arable land as Serbia, yet its agricultural profit is twice as high as that of Serbia. Sto Posto company, which was privatized in 2004, has 250 employees and annual revenues of 33 million euro, specified Vukadinovic. Its good business results have been confirmed by founding a daughter company Novimix, a modern producer of vitamin and mineral mixes for animal nutrition, with possibility to produce 25,000 tons of animal feed per year.
By purchasing two animal feed factories, the Agrifirm decided to invest in Serbia primarily because of excellent agricultural potentials, stated Agrifirm President Ton Loman. The strategic goal is to invest in development and innovation funded by some 9 million euros annually. This business model proved successful in Poland, Ukraine, and Hungary. The company has plants in Europe and Asia, specified Loman. Representative of Nuscience company Patrick Keereman pointed out that they opted to take over the majority stake of the Novimix because it has modern equipment, excellent work force, and meets European standards in terms of animal feed production, which is a prerequisite to develop further and become a leading manufacturer in the Balkans.
Dutch Ambassador to Serbia Laurent Stokvis stated that his government recognized Serbia as a good future partner as it has enormous yet insufficiently utilized agricultural potentials. Therefore, the Embassy established an office for agricultural development that will contribute to ties between businessmen of the two countries and offer all relevant information for improvement of this sector. Radio Srbija


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