Lochem, 29 June 2024
ForFarmers strengthens its position in co-products through acquisition of Van
Triest Veevoeders
ForFarmers announces that it has entered into an agreement to acquire Van Triest
Veevoeders (Van Triest), which specialises in trading residual flows and co-
products. The acquisition concerns the buying and selling activities, including
the associated storage and transshipment facilities and means of transport.
ForFarmers, under the name CirQlar, is already active in supplying co-products
and residual flows. This acquisition fits into ForFarmers' mission For the
Future of Farming: by using more and more co-products, we contribute to a
sustainable future with affordable and sustainable food by producing dairy, meat
and eggs.
Van Triest, family business in Hoogeveen
Van Triest has been active in trading residual flows and co-products since
1959. The company has purchasing agreements with breweries, the dairy, sugar,
bioethanol and potato processing industries and, as regards roughage, with many
farmers. They sell the products, including brewer's grains, potato pulp, silage
maize and wet beet pulp to some 3,500 farmers mainly in the Netherlands but also
in Belgium and Germany. Van Triest has a very good infrastructure in terms of
logistics, storage and transshipment and possibilities for mixing residual flows
in Hoogeveen and Coevorden. Van Triest trades over 1 million tonnes of residual
flows annually and has 90 employees.
Important step in sustainable market segment
ForFarmers, under the name CirQlar, has been active in the Netherlands in
supplying and valorising co-products. and has storage and transshipment sites in
Lochem and Heijen.
Van Triest's locations and customer base fit seamlessly with ForFarmers'
activities and offer good growth opportunities. This transaction strengthens the
cooperation with suppliers of residual flows and co-products to make the food
chain more sustainable in an efficient way. These products which are not
suitable for human consumption can often be used to produce nutritious feed for
cows, pigs and chickens.
Pieter Wolleswinkel, CEO ForFarmers: "We are looking forward to working together
with our new colleagues at Van Triest. Combining our activities means that we
can serve our suppliers co-products even better and provide our customers with
an even better and broader range of these products. In addition, we are taking a
further step in making our food chain more sustainable."
Hein van Triest, director and owner of Van Triest: "We have known ForFarmers for
years and recognised a similar focus on customers and employee satisfaction.
These were important factors in the decision to transfer our family business to
ForFarmers."
Subject to the approval of the Consumer and Market Authority, ForFarmers will
acquire the shares of Van Triest, the company which includes the trading
operations and associated transport equipment and storage and transshipment
activities. Completion of the transaction is expected in the second half of
2024. The purchase price will be paid entirely in cash, further financial
details will not be disclosed. The management of Van Triest will remain actively
involved after completion of the transaction.
This press release contains information that qualifies as inside information
within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Note to editors / For more information:
ForFarmers, Ilse Niehof-Duivelshof, ilse.niehof@forfarmers.eu
(mailto:ilse.niehof@forfarmers.eu) or +31 (0)6 23 63 28 98
Company profile ForFarmers
ForFarmers N.V. ('ForFarmers') offers complete feed solutions to the (organic)
livestock farming industry. With its mission "For the Future of Farming",
ForFarmers is committed to a future-proof farming business and making the
agricultural sector more sustainable. Our goal is clear: to contribute to a good
return and a robust long-term business model. How? By leading the way with
knowledge, advice, support and products on the farm. Close to the farmers,
solution-oriented and with an open view of the future. The result: a
contribution to affordable and sustainable food, For the Future of Farming.
With sales of approximately 8.4 million tonnes of feed, ForFarmers is a leading
player in Europe. The company has production operations in the Netherlands (head
office), Germany, Poland and the United Kingdom, and exports to various
countries within and outside Europe. ForFarmers has around 2,450 employees and
generated revenue of approximately EUR3 billion in 2023. ForFarmers N.V. is listed
on Euronext Amsterdam.
ForFarmers N.V. - P.O. Box 91 - 7240 AB Lochem - T: +31 (0)573 28 88 00 -
info@forfarmers.eu (mailto:info@forfarmers.eu), www.forfarmersgroup.eu
(https://www.forfarmersgroup.eu/en/)
Company profile Van Triest
Van Triest is a family business that, since its foundation in 1959, has grown
into a professional enterprise specialising in the purchase and sale of high-
quality moisture-rich concentrates and roughage. Van Triest forms a reliable
link between suppliers and buyers. Over the years, sustainable relationships
have been established with over 3,500 livestock farmers, providing a solid basis
for our sales. The company has purchasing agreements with breweries, the dairy,
sugar, bioethanol and potato processing industries and, as regards roughage,
with many farmers. They sell the products, including brewer's grains, potato
pulp, silage maize and wet beet pulp to some 3,500 farmers mainly in the
Netherlands but also in Belgium and Germany. Van Triest has a very good
infrastructure in terms of logistics, storage and transshipment and
possibilities for mixing residual flows in Hoogeveen and Coevorden. Van Triest
trades over 1 million tonnes of residual flows annually and has 90 employees
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, for example relating to
ForFarmers' legal obligations in terms of capital and liquidity positions in
certain specified scenarios. In addition forward-looking statements may, without
limitation, contain phrases such as "intends to", "expects", "takes into
account", "is aimed at", ''plans to", "estimates" and/or words of a similar
meaning. These statements pertain to or may affect matters in the future, such
as ForFarmers' future financial results, business plans and current strategies.
Forward-looking statements are subject to a number of risks and uncertainties
which may lead to material differences between the actual results and
performance and the expected future results or performance as implicitly or
explicitly contained in the forward-looking statements. Factors that may result
in, or contribute to, deviations from current expectations include, but are not
limited to developments in legislation, technology, taxation, jurisprudence and
regulations, share price fluctuations, legal proceedings, investigations by
regulatory bodies, the competitive landscape and general economic conditions.
These and other factors, risks and uncertainties that may affect any forward-
looking statements or the actual results of ForFarmers are discussed in the most
recently published annual report. The forward-looking statements in this press
release relate solely to statements as of the date of this document and
ForFarmers accepts no obligation or responsibility whatsoever to update the
forward-looking statements contained in this release, regardless of whether
these pertain to new information, future events or otherwise, unless ForFarmers
is legally obliged to do so.
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