ForFarmers N.V.: ForFarmers completes acquisition of Piast Pasze Sp. z.o.o.

Lochem, 4 January 2024                      

ForFarmers completes acquisition of Piast Pasze Sp. z.o.o.

Via its affiliate Tasomix Sp. Z.o.o. ("Tasomix”) ForFarmers has completed  the acquisition of Piast Pasze Sp. z.o.o. ("Piast"), which had already been announced on 25 July 2023. All conditions regarding this transaction have been met, including the approval of the competition authority.

The enterprise value is the sum of a payment to the shareholders of Piast and the net debt. The enterprise value will be paid in local currency, which amounts approximately 30,6 million in Euro’s. Tasomix received thus 100% of the shares in Piast. 
This means that Tasomix and Piast will be merging their feed business. This will expand Tasomix's volume in Poland by 410,000 tonnes and strengthen its position in the broiler sector in particular.
This transaction is in line with ForFarmers’ strategic objectives to expand in the attractive Polish agricultural market.

This press release contains information that qualifies as inside information within the meaning of Article 7 paragraph 1 of the EU Market Abuse Regulation.


Note to the editor / For further information:
Floor van Maaren, T; 06-29597746

About ForFarmers
ForFarmers N.V. is an international organisation that provides complete innovative feed solutions to the livestock farming industry. With its For the Future of Farming mission ForFarmers underpins its commitment both to the continuity of farming and to further increasing the sustainability of the agricultural sector. ForFarmers is a leading feed producer in Europe with annual sales of around 9 million tonnes of animal feed and is active in the Netherlands, Belgium, Germany, Poland and the United Kingdom. ForFarmers has around 2,500 employees and in 2022 generated revenue of approximately €3.3 billion. ForFarmers N.V. is listed on Euronext Amsterdam.
ForFarmers N.V.
P.O. Box 91, 7240 AB Lochem, The Netherlands
T: +31 (0)573 28 88 00
info@forfarmers.eu, www.forfarmersgroup.eu

FORWARD-LOOKING STATEMENTS
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