July 2020

De Heus Animal Nutrition joins forces with Golpasz S.A.

On July 1, 2020, De Heus Animal Nutrition signed a preliminary agreement for the acquisition of the Polish compound feed company Golpasz (annual production capacity of 500,000 tonnes of compound feed). The acquisition is still subject to approval from the Polish Office of Competition and Consumer Protection (UOKiK).  

De Heus and funds managed by Resource Partners GP, a majority shareholder of Golpasz S.A., together with minority shareholders, agreed on the conditions of the acquisition of all shares in Golpasz S.A by De Heus.

The proposed transaction involves the entire business activities of Golpasz in the field of production and sales of animal feed as well as managing a farm. Feed production is carried out in four plants with an annual production potential of 500,000 tonnes. The company’s headquarters are located in Golub-Dobrzyń.

The merger of De Heus and Golpasz combines growth strategies of both companies, built around providing Polish breeders with innovative solutions in the field of animal nutrition. Golpasz, a company with over 50 years of tradition, is a Polish leader in turkey nutrition and services clients predominantly in central and eastern Poland. By joining De Heus Group, Golpasz will benefit from international expertise and highly specialized know-how in the field of animal nutrition and breeding, as well as from a sophisticated portfolio of business tools supporting sales and marketing activities. This combination of experience and skills of both companies shall result in even better response to the expectations of Polish breeders and will contribute to excelling both companies in sustainable food production and development of Polish agriculture.

“Both companies perceive many mutual benefits in the new partnership. De Heus and Golpasz have high-quality specialised knowledge in animal nutrition, animal husbandry and livestock farming. These competences enable both companies to develop and supply tailor-made (nutritional and business) solutions in line with requirements and demands of their farming customers. Combining strengths will accelerate further improvement in this area. In addition, Golpasz has gained highly specialised knowledge in the area of turkey nutrition, which is of added value to De Heus. Furthermore, Golpasz will also obtain access to De Heus’ international network and expertise centre, providing Golpasz the opportunity to enrich its knowledge and use it to accelerate product innovation initiatives, among other things”, says Adam Zaleski, General Manager of De Heus Poland.

Wiesław llków, General Manager Golpasz, also looks forward to the future with full confidence: “Thanks to the combination of De Heus Poland and Golpasz we will be able to continue development in those segments of the market where we already operate. We will use our combined knowledge and experience to serve our clients even better, as we know continuous improvement of efficiency is key to success. Both our clients and employees will benefit from the worldwide operating activities of De Heus.”

“We are very pleased that De Heus Group will become the new owner of Golpasz S.A. I am glad that in the period of our investment Golpasz significantly expanded its activities, retained existing and acquired new customers and implemented innovative customer service solutions. I hope that joining the leading global group like De Heus, will allow Golpasz to serve its existing customers even better and to take advantage of international expertise of De Heus Group in animal nutrition, to attract new customers." - said Aleksander Kacprzyk, co-founder and Managing Partner of the Resource Partners.

All the necessary documents have been submitted to the Polish Office of Competition and Consumer Protection (UOKiK) for approval. Both companies will perform in an unchanged manner until a formal decision has been made by UOKiK.

About Golpasz

With an annual production capacity of 500,000 tonnes of compound feed, Golpasz is one of the leading feed producers in Poland. Golpasz offers a complete range of compound feeds for multiple animal categories, including turkey, broilers, pigs and cattle (meat and milk). The company has four modern production sites favourably located in relation to the most important livestock farming regions.

 De Heus Animal nutrition

At De Heus Animal Nutrition we contribute to the availability and accessibility of safe andhealthy food in a sustainable manner. Through our products, knowledge and experience, we help livestock and fish farmers progress all over the world.

As a family-owned company, established in 1911 and a partner in animal nutrition for 4 generations, we are entrepreneurs. We actively seek opportunities to create value and impact in the animal protein production chain.

We have an experienced team of thousands of professionals, producing animal feed in more than 20 countries all over the world. Additionally, we are active in Eastern Europe, Africa, the Middle East and South America through the export of concentrates and premixes.

This is how we contribute to the development of the agricultural sector. We call it “powering progress.

 Resource Partners

Resource Partners is an independent private equity investor founded in 2009 by a team of experienced managers who focus on investing in small and medium sized  companies in CEE on behalf of leading regional and international financial institutions and funds.

Resource Partners is the only sector-specialized fund operating in CEE focusing on consumer products and services with an in-depth knowledge of Food & Agri sectors and multiple exited investments in food production and processing. So far, Resource Partners have invested nearly EUR 300 million in the development medium-sized companies in Poland and other Central and Eastern European countries.

Resource Partners supports owners and managers of fast-growing companies with highly quality products, exceptional management teams and modern production capabilities, in their organic growth, international expansion and acquisitions.

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