In line with its strategy of growing its value-adding specialty product and service offering to Southern Africa’s food production sector, chemicals group AECI on Thursday announced its intention to acquire animal feed company SA Premix.
“AECI subsidiary Chemfit already provides the livestock industry with medicated feed additives, diagnostic equipment and vaccines. The addition of SA Premix’s business will add to Chemfit’s product and service offering for customers in sub-Saharan Africa, where food production is an area of intense interest and focus,” commented AECI CE Mark Dytor.
SA Premix’s principal activity was the production and distribution of premixed vitamins and minerals used to fortify and enhance the nutritional content of animal feed to feed mills and livestock farmers in Southern Africa.
While the company currently supplied the poultry feed industry, opportunities for growth had been identified in the beef, swine and companion animal markets where Chemfit already had a presence.
The acquisition remained subject to approval by South Africa’s Competition Commission.