Hendrix sold to ForFarmers

As part of the transaction, Nutreco and ForFarmers have entered into a long term strategic partnership, including a know-how agreement.

Nutreco and ForFarmers plan to conclude a definitive agreement upon completion of required consultation with the relevant works councils. It is expected that completion of the transaction will take place in the first quarter of 2012 upon ForFarmers gaining regulatory approval from the European anti-competition authorities and shareholder approval. Approximately 690 employees that work for Hendrix will transfer to the new owner.

Hendrix is a leading supplier of compound feed in the Netherlands and Belgium with a strong regional market position in Germany. Hendrix operates 10 production facilities with total capacity of 2.5 million tonnes that are located in regions with high demand for compound feed. Its compound feed products for swine, ruminants, poultry and horses are sold under well-known brand names. Hendrix has an extensive and well-functioning dealer network. In 2010 revenues amounted to approximately EUR 830 million.