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Amersfoort, Netherlands, Feb 1, 2008 - (ABN Newswire) - Nutreco Holding N.V. has completed the acquisition of the feed and meat assets of Copaga in Catalonia, Spain. On 5 November 2007, Nutreco announced that it has signed a letter of intent to acquire the assets of Copaga that comprise a feed factory and a pig integration business. The consideration for this transaction amounts approximately EUR 20 million including investments in working capital. It will add approximately EUR 50 million in revenues and will be EPS enhancing.
The feed factory has a capacity of approximately 300,000 tons and will strengthen Nutreco's market position in the region. The pig integration business of Copaga produces approximately 200,000 pigs per year.
The acquisition of these assets of Copaga enables Nutreco to further optimise feed and meat capacity in Spain and reduce production costs.
An additional EUR 10 million will be paid for the ownership of the poultry processing facility which has been leased since July 2000.
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Nutreco Holding N.V Nutreco Holding N.V. is an international animal nutrition and fish feed company that seeks to create added value in major markets through its knowledge of the food production chains, in which it has a selective downstream presence. Nutreco's business groups, each comprising several business units, have over 100 production and processing plants in more than 25 countries and about 9,000 employees.
Nutreco generated revenue of EUR 3,009 million in 2006. Nutreco Holding N.V. is quoted on the Official Market of Euronext Amsterdam and is included in the Amsterdam Midkap Index and the Euronext 150 Index.