Dive Brief:
- Cargill is considering making a solo offer for Nutreco after the Dutch maker of livestock and fish feed rejected the company's earlier joint offer with private equity firm Permira Advisers LLP.
- A bidding war of sorts appears to have begun for the company, best known as a supplier to the world's booming fish farming industry. SVH Holdings has already offered $3.7 billion for the company.
- Cargill has not released details of any bid it might make, and analysts speculate that the agribusiness giant intends to make a hostile bid.
Dive Insight:
Nutreco is one of the most interesting players in the new world of global agriculture. The company is only 20 years old, but already operates 100 facilities in 30 countries. More interesting to Cargill, no doubt, is that Nutreco has become the de facto leader in the manufacturing of salmon feed. And there may not be a sector in all of global agriculture with more growth potential than the farming of the nutrient-rich fish.