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De Heus Vietnam, a subsidiary of the global animal nutrition company announced the signing of a strategic agreement with Masan, which allows the company to obtain control of 100% of the feed-related business of MNS Feed (100% ANCO and 75.2% Proconco)
According to De Heus, the feed business of MNS Feed covers 13 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 optimise and drive the productivity of Vietnam’s 3F (feed-farm-food) animal protein value chain.
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.
As part of the transaction, De Heus and Masan MEATLife (“MML”) have agreed on numerous strategic supply agreements, including a multi-year pig supply contract allowing De Heus to supply MML with a steady flow of healthy, high-quality pigs sourced from its feed customers, leveraging the strategic partnership De Heus has developed with Topigs Norsvin, one of the world’s leading swine genetics companies. In line with the MOU, this cooperation further validates the parties’ joint commitment to professionalise the farming sector and drive productivity in the entire animal protein value chain.
Gabor Fluit, CEO De Heus Asia, said, “We will continue to do so while taking the best from “both worlds” and therewith creating an undisputed top level animal nutrition company which will be ready for a bright future in the growing Vietnamese feed market.”