ForFarmers N.V.

ForFarmers N.V. Overview

Company Headquarters: Lochem, The Netherlands

Founded: 2007

Workforce: The number of employees reported by the company is around 2,325 by December 2017.

Company Working: ForFarmers operates in European countries such as the Netherlands, Germany/Belgium, and the United Kingdom providing feed solutions for conventional and organic livestock farming. Additionally, the company offers advisory services in the areas of feed, livestock farming, and business development. ForFarmers also provides tools such as programs, products, and services, which enable farmers to set business objectives, and monitor and benchmark results. The company operates by providing feed solutions for the ruminant, swine, and poultry sectors. ForFarmers N.V. operates as a subsidiary of Cooperative ForFarmers UA.

Strategy

The company being one of the market leaders in animal feed is currently focusing on acquiring larger brands to increase market share as well as obtain advanced technologies. ForFarmers entered into a joint venture with the Polish company Tasomix and purchased 60% of its share that gave ForFarmers an entry to the fifth company in Europe for its business setup. The company is mainly inclined towards expansion across the globe to strengthen consumer base and continue to be one of leaders in this market. Partnerships are also a part of key strategies for the company as ForFarmers is trying to enter new markets along with strengthening its product portfolio such as the advisory services for farmers. The company is also spending on R&D where it has partnered with SAP for the tools that it offers towards the development of farmers.

Company Snapshot

$3,520M

Revenue

2,325

Employees

2007

Founded

Lochem, The Netherlands

Headquarters

SWOT Analysis

Strengths

Leading regional compound feed positions
Execution of strategy through active portfolio management
Strong customer focus
Focus on logistics efficiency.

Weaknesses

Liquidity of the trading platform for ForFarmers’ financial instruments
Presence in countries with low growth prospects

Opportunities

Growing feed consumption worldwide
Consolidation as compound feed market is currently fragmented
Realization of synergies from acquisitions
Expansion in growth markets (especially in Central & Eastern Europe)
Expand shareholders base through an official listing

Threats

Possible integration issues with recent, large acquisition
Intensifying competitive environment as competitors merge and/or become larger

Key Developments

Date	Approach	Development
July, 2018	Acquisition	ForFarmers acquired the compound feed activities of Maatman, which is primarily active in the poultry sector but also in the ruminant sector in the Netherlands and Germany.
June, 2018	Acquisition	ForFarmers strengthens its position as feed company in Belgium by acquiring Voeders Algoet, a feed company established in Zulte.
February, 2018	Joint Venture	ForFarmers entered into a joint venture with the Polish company Tasomix to acquire 60% of their shares. Through this transaction, ForFarmers added the fifth European country in its operation.
July, 2016	Acquisition	ForFarmers acquired VleutenSteijnVoeders, a feed company focused on the swine sector, predominantly in the southeast of the Netherlands. The acquisition is in line with ForFarmers’ strategy to realize growth, autonomously and through acquisitions.
May, 2015	Acquisition	ForFarmers acquired the compound feed, blends, co-products, straights and forage businesses from Countrywide.
February, 2014	Acquisition	ForFarmers announced that it had acquired 100% of the share capital of HST Feeds Ltd.
July, 2012	Acquisition	The company acquired UK feed company BOCM PAULS.
January, 2012	Acquisition	ForFarmers acquired the compound feed activities of Nutreco in the Netherlands, Belgium and Germany. This transaction included Hendrix UTD, Hendrix Broilers, Hendrix Haeck, Hendrix UTD GmbH, PAVO, Reudink, Hedimix and Hendrix-Illesch.

Product Offering

ForFarmers N.V.
- Animal Feed

Financial Performance

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