AGRAVIS buys share in international trading company Bögel
AGRAVIS Raiffeisen AG recently acquired a 33 percent shareholding in H. Bögel GmbH & Co. KG. The Hamburg company has over 125 years’ experience in national and international trade with feedstuffs and aims to continue to grow profitably in the future. The move gives AGRAVIS access to the direct purchase of feed components such as palm, palm oil and palm kernel expeller and also to the procurement markets in Asia.
AGRAVIS is continuing its strategic international growth together with the internationally operational company Wilmar – one of the leading agricultural groups in Asia, based in Singapore, and the world’s biggest refiner and marketer of palm oil – and two executive partners Jens Behncke and Chris Matzen.
“For us this shareholding is the strategic base upon which to build up our international component trade and it puts us in a position to further optimise our processes and purchasing channels,” says Dr Clemens Große Frie, Chairman of the Board at AGRAVIS, of the stake in the company, which has sales of €200 million. “Furthermore, it will give us greater security with regard both to the purchasing process and to the trade in and processing of components for animal feeds.” At the same time, Große Frie sees the measure as underpinning AGRAVIS’ international growth strategy, “which we are taking forward purposefully and with a great deal of thought and consideration.”
AGRAVIS Raiffeisen AG recently acquired a 33 percent shareholding in H. Bögel GmbH & Co. KG. The purchase is still subject to approval by the cartel authorities.