Posted on September, 6, 2024 at 12:24 am
ForFarmers and Team Agrar, part of the DLG Group, have agreed to combine their feed operations in Germany. The joint venture, which is subject to regulatory approvals, will continue under the name ForFarmers Team Agrar and have a comprehensive feed portfolio across various species.
ForFarmers and Team Agrar have been working together for many years in Germany via another joint venture, HaBeMa, a company active in trading, storage and transshipment of raw materials and compound feed production in Hamburg.
The agreement to expand this joint venture is a logical next step, said Peter Wolleswinkel, chief executive officer of ForFarmers.
“I believe joining forces is a great step forward for both parties to extend our market activities in Germany,” he said. “It will lay a foundation for further growth in an important region for ForFarmers in Germany. This partnership will enable us to enhance our product portfolio to provide local solutions and services to the German market.”
ForFarmers is a Netherlands-based company that offers feed solutions to the livestock farming industry. With its mission “For the Future of Farming,” ForFarmers is committed to a future-proof farming business and making the agricultural sector more sustainable with knowledge, advice, support and products on farm. ForFarmers’ feed activities in Germany concerns a broad portfolio of feed products for all species.
Team Agrar provides services and products in all sectors. In addition to the production of compound feed, it includes grain collection and trading, the supply of seeds, fertilizers and plant protection products as well as special agricultural products. Through Team SE, Team Agrar is part of the DLG Group, a company with comprehensive activities in food, energy and housing.
The joint venture concerns ForFarmers’ feed activities in Germany with approximately 250 employees and Team Agrar’s feed activities in Germany that has approximately 130 employees. It involves eight feed production sites, three terminals and the vehicle fleet. The current HaBeMa joint venture, which has 130 employees, is also part of the joint venture.
The management of the new joint venture will have representatives of ForFarmers, Team SE and HaBeMa. Ernst Friedlaender will be the managing director.
“It offers economies of scale and combining our knowledge and expertise will create synergies in many areas,” Friedlaender said. “Furthermore, we value each other’s mission and vision and there is a clear cultural fit. We look forward to broadening our cooperation that will contribute to a sustainable and future-proof business."
Source: World Grain