Cargill to acquire 51% stake in Ekol Gida and accelerate growth of its animal nutrition business in Turkey
Istanbul, Turkey, May 27, 2015 - 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.
“Customers will gain access to Cargill’s extended product portfolio and technical expertise for an enhanced experience”, says Mark Poeschl, vice president and group director of Cargill’s animal nutrition business. “The commercial focus will be on Turkey and selected export markets.”
“We are proud for Ekol Gida to make this significant step together with Cargill. The deal will leverage our established customer network in premixes, feed additives and our profound market knowledge. The management team will remain committed to continue serving our existing customer base,” says Serhad Celik, Ekol Gida’s general manager and one of its founding shareholders.
The transaction is aligned with Cargill’s animal nutrition business’ growth strategy. In addition to retaining Ekol Gida’s high quality 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. Customers will benefit from locally applicable innovations, knowledge transfer, farmer education programs and embedded industry partnerships.
After a transitional period, the business will operate under the global Provimi™ brand in the market.
(*) Ekol Gida Tarim Ve Hayvancilik Pazarlama Sanayi Ve Ticaret Anonim Sirketi
- Turkey: Ozlem Malkara Ertugrul, [email protected], +90 216 554 1831
- EMEA: Louis de Schorlemer, [email protected], +32 15 401 636
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. We have 152,000 employees in 67 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work.
About Cargill in Turkey
Cargill has been active in Turkey since 1960 through a local partnership agreement and commenced trading as Cargill in 1986. The company has more than 400 employees in six locations in Turkey - in Istanbul, Bursa, Balikesir, Izmit, Adana and Ankara. The Cargill Turkey head office, which opened in 1992, is located in Istanbul. Cargill operates in four major sectors – food, finance, grain &oilseeds and industrial & bio-industrial products. Visit www.cargill.com.tr
About Cargill Animal Nutrition
Cargill's animal nutrition business has more than 17,000 employees at more than 250 facilities in 37 countries offering a range of products and services to feed manufacturers, animal producers, and feed retailers around the world. In 2011, Cargill completed the acquisition of Provimi, a global leader in premix and animal nutrition solutions, adding to Cargill's portfolio of animal nutrition offerings. Today, Cargill's animal nutrition business offers a range of compound feed, premixes, feed additives, supply chain and risk management solutions, software tools and animal nutrition expertise that is unmatched in the industry. For more information about Cargill Animal Nutrition, visit: http://www.cargill.com/feed.
About Ekol Gida
Ekol Gida, established in 1998, is one of the leading companies in premixes and feed additives markets. With more than 40 years of experience in feed, animal nutrition, and related industries, the founders of the company not only contributed to the development of premix concept but also have achieved to build up one of the largest customer base in the country with high quality services and products. Having head office in Istanbul, Ekol Gida has experienced and well equipped sales teams located in Istanbul, Ankara, Adana, Izmir, Tekirdag and Afyon. The sales team members are agricultural engineers or veterinarians. www.ekolgida.com.