OCP Buys 50% Stake in GlobalFeed from Spanish Fertinagro Biotech
Moroccan state-owned Phosphate giant, OCP Group, announced on Monday it acquired 50% stake of GlobalFeed S.L. from Fertinagro Biotech S.L., a major Spanish fertilizers producer.
“This acquisition confirms OCP’s objective to diversify its phosphate solutions and become a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to specialty sustainable and customized products” said Marouane Ameziane, Managing Director for Specialty Products & Solutions at OCP Group.
For his part, Javier Martin, CEO of GlobalFeed said:“this even closer alliance with OCP will accelerate our industrial capabilities and market growth offering sustainable and advanced phosphates to the world’s most demanding nutritionists”.
GlobalFeed operates in the animal nutrition segment, manufactures and distributes a wide range of products, including phosphate-based commodities and high value solutions dedicated to several species.
The Company owns flexible production units with a capacity of 200,000 tons of phosphate-based products and 30,000 tons of iron sulphate located in Huelva, Spain, and benefits from a large global sales footprint.
The animal feed market has been strong these past years thanks to livestock production growing around the world, in order to feed the population’s increasing needs for adequate meat and protein products, especially in the emerging countries.
In this context, this transaction will contribute to OCP’s strategy to grow in the animal nutrition segment by expanding its presence geographically and offering a diversified, customized and innovative product portfolio.
The OCP is a global leader in plant nutrition and the world’s first producer of phosphate-based products. It provides a wide range of customized products to enhance soil, increase agricultural yields, feed animals and help nourish the planet in a sustainable and affordable way.
In 2021, the OCP group reported $9.4 billion in revenues. It is present in the five continents and works in close partnership with more than 350 customers across the world.
