Join on WhatsApp
Join on Telegram
Rabat – Morocco’s OCP Group, a world-leading fertilizer producer, has announced that it has finalized the acquisition of a 50% stake in GlobalFeed from Spanish fertilizer producer Fertinagro Biotech.
The Moroccan company issued a press release on the finalization of the acquisition today, noting that GlobalFeed operates in the production and distribution of phosphate products dedicated to animal nutrition.
Commenting on the acquisition, Houda Sabti, Director for Animal Nutrition at OCP Group, said the fertilizer group seeks to strengthen its position in the sector of products dedicated to animal nutrition.
“Through this transaction, we aim to strengthen the positioning of the OCP Group in the sector of products dedicated to animal nutrition and to expand our geographical presence,” Sabti explained.
OCP’s goal is to meet demand and serve its customers in a sustainable mode as well as through a “diversified, personalized, and innovative product offering,” he added, emphasizing that the group aims to increase GlobalFeed’s production capacity to reach 400,000 tonnes by 2027.
GlobalFeed CEO Javier Martin also commented on the transaction, stressing the importance of OCP Group as a “long-standing partner” for the Spanish company.
“OCP Group has been a long-standing partner, and together we will ensure that GlobalFeed continues to grow and develop,” Marti said, noting that the company is happy to collaborate again on “adding this alliance to a long list of partnerships between the two groups.”
OCP Group announced its plan to purchase a 50% stake in the Spanish company in September 2022.
The acquisition is part of OCP Group’s strategy to grow in the animal nutrition market sector through expanding its presence.
In a previous statement, Marouane Ameziane, Managing Director for Specialty Products and Solutions at OCP, said that the deal confirms “OC’s objective to diversify its phosphate solutions and become a leading player in animal nutrition.”
