Istanbul (Turkey) – Cargill’s animal nutrition business has agreed terms to acquire a majority stake in Ekol Gida, a leading company operating in premix and feed additives markets in Turkey. The deal, which is subject to regulatory approvals, is expected to close in summer 2015.
“We are proud for Ekol Gida to make this significant step together with Cargill”, says Mark Poeschl, vice president and group director of Cargill’s animal nutrition business. The transaction is aligned with Cargill’s animal nutrition business’ growth strategy.
In addition to retaining Ekol Gida’s products and services, and customer base, Cargill will strengthen its commitment to Turkey as a primary growth market by building technical applications centres for poultry and dairy. This will allow for global research & development competence to boost local market capabilities and enhance innovation. After a transitional period, the business will operate under the global Provimi brand in the market.