Cargill has announced its intention to purchase Raggio di Sole S.p.A, a significant Italian animal feed company.
The acquisition represents a natural extension of Cargill's animal nutrition business in Italy, as it will build on an existing market focus in the dairy segment and create opportunities in other segments.
It will enhance Cargill's ability to deliver feed solutions to customers in the growing retail segment.
Silvio Ferrari, president of Cargill's business in Italy, said: "We're very excited about the future potential for the combined business. Bringing together the committed, knowledgeable and experienced Raggio di Sole S.p.A workforce, along with their strong customer relationships, with Cargill's existing resources and capabilities will create a new, nationwide full service offering across the spectrum of animal nutrition customers' needs."
The deal is subject to regulatory approval.
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