BASF sells animal feed premix sites
BASF is selling its animal nutrition premix business in eight countries to Nutreco, an animal feed group headquartered in the Netherlands. Premixes are mixtures of vitamins and feed additives for animal nutrition. Nutreco is a manufacturer of animal feed premixes and specialties.
The sales contract was signed on February 16, 2007, and is subject to approval by the responsible authorities. Both parties have agreed not to disclose the financial details. BASF expects the transaction to close in the second quarter of 2007.
The concerned premix sites are in Europe (UK, Poland, Italy), Asia (Indonesia, China), North America (USA, Mexico) and Central America (Guatemala). The sale affects 435 employees, who will transfer to Nutreco, and is an important step in the global restructuring of the Fine Chemicals division.
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