Cargill will, on completion of a deal signed on 30 November, gain a majority shareholding and assume managerial control of NuTec Southern Africa, its existing joint venture with Astral Foods.
As part of this investment the company plans to build a new premix and base mix facility at NuTec’s existing location in Pietermaritzburg to expand its animal nutrition capabilities in sub Saharan Africa.
Cargill RSA (Pty) Ltd will own 75% of the shares in NuTec, a manufacturer of vitamin and mineral premix for the animal nutrition industry. Astral foods, an integrated Southern African poultry producer, will retain a 25% shareholding in the business and remains an important partner and customer to Cargill. NuTec will migrate its name and product portfolio to the Provimi brand.
Source: Cargill
© FoodBev Media Ltd 2024