HCMC – De Heus Vietnam on November 5 announced the signing of a strategic agreement with Masan, under which De Heus will obtain control of 100% of the feed-related business of MNS Feed.
The feed business of MNS Feed comprises 13 animal feed mills and one premix plant, with a total combined production capacity of nearly four million tonnes, strengthening De Heus’ position in Southeast Asia’s largest animal feed market.
As part of the transaction, De Heus and Masan have also entered into multiple long term strategic supply agreements for the supply of feed and pigs by De Heus to Masan.
The transaction allows both companies to optimize and drive the productivity of Vietnam’s 3F (feed-farm-food) animal protein value chain, by leveraging each respective party’s strength and capabilities.
De Heus said the acquisition of MNS Feed supports its focus on and ambition to offer high-quality nutrition, genetics and farm management solutions to the Vietnamese market.
“This transaction will accelerate the implementation of our commitment to bring the animal protein value chain in Vietnam to a higher level in terms of food safety, productivity and sustainability. Together with independent farmers, our feed distributors, employees and strategic partners, we are ready for further growth and success,” Johan van den Ban, general director for De Heus Vietnam and Cambodia, said in a statement.
The transaction will take effect upon receiving the regulatory approval, expected in the rest of this year.