De Heus Vietnam announces the signing of a strategic agreement with Masan, pursuant to which De Heus will obtain control of 100% of the feed related business of MNS Feed.
The feed business of MNS Feed covers thirteen animal feed mills and one premix plant, with a total combined production capacity of nearly 4 million tonnes, strengthening De Heus’ position in Southeast Asia’s largest animal feed market. As part of the transaction, De Heus and Masan have also entered into multiple long-term strategic supply agreements for the supply of feed and pigs by De Heus to Masan.
The transaction allows both companies to optimize and drive productivity of Vietnam’s 3F (feed-farm-food) animal protein value chain, by leveraging on each respective parties’ strength and capabilities.
“The acquisition of MNS Feed supports De Heus’ focus on and ambition to offer high-quality nutrition, genetics and farm management solutions to the Vietnamese market,” the company’s statement said.
Mr. Gabor Fluit, CEO De Heus Asia, said: “We are very delighted with this milestone acquisition for De Heus. We are convinced that combining the highly respected MNS Feed business with the existing De Heus organization will bring benefit to all. Both companies have a strong reputation in the market and take pride in delivering high-quality products to our customers and providing them with the best service available. We will continue to do so while creating an undisputed top level animal nutrition company which will be ready for a bright future in the growing Vietnamese feed market.”