07/04/08
Volac International has acquired the Golden Maverick milk
replacer business from the Irish based Kerry Group with
immediate effect.
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The acquisition of the Golden Maverick business by Volac
continues the company’s momentum for growth as a
long term leader in the dairy nutrition market. Volac’s
strategy has already delivered a doubling in turnover over
the past three years which has been achieved through investment
in production capacity, product development and new markets.
The agreement includes the Golden Maverick brand portfolio,
Ireland’s leading range of animal milk replacers
with an annual turnover in excess of €10 million.
“Acquiring Golden Maverick is a natural fit with
Volac International’s young animal nutrition business,
and it has provided us with an opportunity to strengthen
our position in Britain and Ireland as leader in the specialist
areas of animal nutrition, feed ingredients and feeding
systems,” says Volac International’s David
Neville. “The arrangement will also enable us to
support the Golden Maverick business with a complete range
of labour saving feeding equipment essential to the modern
dairy farmer.”
The Kerry Group commented that it ‘was reassured
that Volac will continue to support and develop the Golden
Maverick business. It believes that this rationalisation
is in line with the Volac core business and in the interest
of existing customers who will benefit from Volac’s
continued investment’.
Production will continue at the Kerry plant until June,
after which it will be transferred to Volac International’s
sites.
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