ANKARA: Cargill have agreed terms to acquire a 51% stake in Ekol Gida to accelerate growth of its animal nutrition business in Turkey.
Cargill’s animal nutrition business has agreed terms to acquire a majority stake in Ekol Gida*, a leading company operating in premix and feed additives markets in Turkey. The deal, which is subject to regulatory approvals, is expected to close in summer 2015.”Customers will gain access to Cargill’s extended product portfolio and technical expertise for an enhanced experience”, says Mark Poeschl, vice president and group director of Cargill’s animal nutrition business. “The commercial focus will be on Turkey and selected export markets.”
We are proud for Ekol Gida to make this significant step together with Cargill. The deal will leverage our established customer network in premixes, feed additives and our profound market knowledge. The management team will remain committed to continue serving our existing customer base,” says Serhad Celik, Ekol Gida’s general manager and one of its founding shareholders.
