Nutreco N.V. has agreed to acquire Hi-Pro Feeds LP from Birch Hill Equity Partners for undisclosed amount. The transaction is expected to close in the second half of 2017.
Lazard Middle Market and CIBC Capital Markets acted as advisors to Birch Hill and Hi-Pro Feeds.
In April 2012, Birch Hill acquired Viterra’s North American feed processing operations for $88 million, to form Hi-Pro Feeds.
Okotoks, Alberta based Hi-Pro Feeds is a full-service animal nutrition supplier, supplying complete and specialty feeds, premixes, concentrates and commodity ingredients mainly in Western Canada and Southwest USA.
Amersfoort, The Netherlands based Nutreco is a global leader in animal nutrition and aqua feed. Wholly owned by SHV Holdings N.V., a family-owned multinational, Nutreco employs approximately 11,000 people in 35 countries with net sales of €5.7 billion in 2015.
photo credit: Nutreco