NWF GROUP PLC: ACQUISITION


OF SC FEEDS NWF Group plc has announced that it has acquired the entire issued share capital of animal feed manufacturer SC Feeds Ltd, based in Stone, Staffordshire. The total consideration for the acquisition


is up to £6.75m on a cash free, debt free basis (subject to completion accounts). This is comprised of an initial consideration of £6.0m in cash, which will be satisfied from NWF’s existing banking facilities and up to £0.75m to be satisfied by the issue of new ordinary shares in NWF. The final quantum of the equity consideration payable will be determined following the agreement of completion accounts in early 2014. The acquisition will be earnings enhancing in the first full year. NWF, with its heritage in agriculture, is a leading national player in the production and supply of ruminant animal feed for dairy cows, beef and sheep from its operations stretching from Scotland to Devon. NWF supplied 481,000 tonnes of feed in the financial year ended 31 May 2013. SC Feeds has supplied ruminant feed


since 1991 from its mill in Stone and produces in excess of 80,000 tonnes of compound and blended product per annum. In the year ended 30 April 2013, SC Feeds reported profit before taxation of £0.76m and net assets of £1.25m. Richard Whiting, Chief Executive of


NWF Group, commented, “I am delighted to announce the acquisition of SC Feeds which joins the NWF group of companies. This exciting acquisition is in line with the strategic ambition we have set out to develop the Group towards a greater focus on agriculture and meeting the needs of farmers in the UK.”


BOCM PAULS SCOOPS FEED MERCHANT OF THE YEAR AT


CREAM AWARDS BOCM PAULS is delighted to have been named the “National Feed Merchant of the Year” at the inaugural Cream Awards, run by Grove House Publishing and held recently at a gala event at The National Motorcycle Museum, Birmingham. The Cream Awards are designed to show-case the best of the UK dairy industry – from farmer, through the supply trade to processors – and to highlight the Proud of Dairy ethos. This was launched by Dairy UK to act as a positive voice about all that is good about the industry – be it from the on-farm diversity, skill and dedication of primary producers to the great tasting, nutritional products that result from the milk they produce. Over the last five years BOCM PAULS


has grown and diversified from being primarily a supplier of compound feed to one which supplies livestock nutrition in whatever form the farmer wants to buy it – including straights, blends and co-products. The company now supplies over one million tonnes of feed to the dairy industry from seven feed mills, seven blend plants and a number of sources of co-products from the human food and drink industries. “We pride ourselves on being able to


supply whatever a livestock farmer requires to most cost-effectively feed their animals,” says Nick Major, Sales and Marketing Director for the company. “In addition we have invested heavily in new dairy feeding technologies such as Visiolac and introduced revolutionary raw materials like Lintec that can be used to influence saturated fat levels in milk and reduce methane emissions. This award recognises our investment in our business to further improve the profitability of our customers, and to improve the quality of the milk and dairy products that are produced.” The award was collected by the


company’s Business Manager Peter Cade who supports dairy farms across the South, and was presented by category sponsor Trident Feeds. Peter was chosen to receive the accolade because it was one of his long- standing customers who nominated BOCM PAULS for the award.


D E V E N I S H N U T R I T IO N ANNOUNCE SECOND NEW GB


FACILITY THIS YEAR. Devenish Nutrition, the leading edge


agri-technology company headquartered in Belfast, has further increased its presence in the GB market by opening a food grade premix manufacturing facility in Widnes, near Liverpool. Patrick McLaughlin, CEO of Devenish Nutrition GB and Ireland said: “The securing of a new premix facility is a further significant step in Devenish Nutrition’s long- term strategy to grow our business in the GB market. The site will significantly increase our production capacity and enable us to meet the growing demand for our products in GB,


Ireland and internationally.” The Widnes site, which is accredited to BRC standard, has multiple production lines


which enable medicated and non-medicated production to be kept apart. The state of the art manufacturing facility will help reduce the risk of cross contamination, and there are separate storage areas for raw materials and finished goods. An onsite laboratory will be modified to allow for testing on both raw materials and finished goods. The facility’s location, close to the M62,


M56, M6, and M5 also allows Devenish Nutrition to utilise the excellent infrastructure to ensure the quick distribution of product to its customers throughout GB. Devenish Nutrition‘s new Commercial


Director for GB, Grant Spittal said: “Devenish Nutrition is the leading independent provider of speciality products in the UK and Irish pig, poultry and ruminant premix, piglet creep, equine and pet markets. This facility will enable us to enhance our product and service offering to our customers in GB and establish long and lasting partnerships within this market. This new premises will increase the already high standards of product quality and consistency and service our customers receive, both in GB and Ireland” Devenish Nutrition operations director


Eamonn Whelan said: “Devenish is internationally renowned for the quality of its products and ability to provide bespoke solutions for particular customers’ product and feed management needs. We are delighted to have secured this site as it will take the manufacture of premix to a new standard and play a leading role in our innovation plans to enable us meet our customer needs into the future”. The addition of this facility comes only six


months after the acquisition of Hi Peak Feeds Ltd, the leading multi species organic feed manufacturer based near Sheffield. This site has since seen over £400,000 of investment already with further development plans for 2014. Devenish Nutrition’s mill in Belfast, which currently produces premix, creep and speciality products is currently in the middle of a £3m investment programme.


Above: Devenish Nutrition has added a premix facility in Widnes to its expanding business


PAGE 38 JANUARY/FEBRUARY 2014 FEED COMPOUNDER


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