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Adisseo, a world leader in animal nutrition, announces its participation in the new closing round of AgVentures II fund, a fund launched by SP Ventures, one of the most established Venture Capital firms in Latin America, globally recognized for its specialization in Agfood tech.
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Adisseo announces today that it has completed the acquisition of FRAmelco Group, a Dutch feed additive company.
This transaction contributes to Adisseo’s strategy to become one of the worldwide leaders of specialty additives in animal nutrition.
For the record, FRAmelco Group is a family owned multinational group headquartered in The Netherlands which operates 3 plants located in The Netherlands, Spain and Thailand.
Most of FRAmelco sales are made of Glycerides (short and medium chain fatty acids) to enhance animal resilience and improve animal performance and Lysolecithins to increase feed digestibility.
The group employs 75 persons and is active in over 60 countries The business generates gross sales close to €30 million per year.
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Each year, the magazine Le Point assesses the CSR (Corporate Social Responsibility) of around 2,000 companies and publishes the list of the 250 most responsible companies in France.
The companies selected to appear in this ranking (Companies employing more than 500 people and whose head office is in France) must in particular have recently published a CSR (or Sustainable Development) report.
All companies have been assessed and classified in 3 areas, Environment, Social and Governance and on key criteria and indicators such as the equal pay index, carbon emissions, the number of women on the board of directors …. This part weighs 70% of the final grade.
On the other hand, a survey, carried out among 5,000 people and on their assessment of CSR for companies they know, weighs 30% of the score for each area.
In the final classification, Adisseo is positioned 84th with a score of 79.3 out of 100; 3rd company in the chemical industries ahead of Solvay, 3M, Total, BASF, Arkema and SNF.
This is a good result for our company, which rewards the socially and economically responsible actions and initiatives carried out over the past few years and which must continue to allow us to feed the planet with high-quality, safe, affordable and sustainable products.
Bluestar Adisseo Company (“Adisseo”) announces the signature of an agreement to acquire FRAmelco Group, a Dutch feed additive company (meaning FRAnklin Group BV and its wholly owned subsidiaries – hereafter “FRAmelco”).
This transaction is part of Adisseo’s strategy to boost Specialties growth to become one of the worldwide leaders of specialty feed ingredients in animal nutrition.
This acquisition will reinforce Adisseo’s position in the promising Health by Nutrition market segment.
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This follows recent confirmation of the Calysseo 50/50 joint venture between Adisseo and Calysta, the world’s leading alternative protein producer.
Pierre Casamatta (Adisseo Sr Project Director Alternative Proteins) and Thomas Huot (Calysta), the two Executive directors of Calysseo, have signed an investment protocol with the directors of the CETDA industrial park in Changshou.
Dc Hao Zhigang, chairman of Bluestar Group and Adisseo, said he was delighted to join the investment signing ceremony, which marks another key step for the rollout of Adisseo business diversification strategy as well as its China development strategy.
Mr Zheng Xiangdong, Deputy Mayor of Chongqing, on behalf of Chongqing government and Changshou Region, extended his warm welcome and sincere gratitude to Bluestar Group, Adisseo and Calysta for choosing Changshou Region as the home of FeedKind production facility.
FeedKind® is produced via natural fermentation of natural gas, an abundant source of energy to create a safe, nutritious, traceable and affordable protein. It is made using very little water and no agricultural land.
Through this new business, Adisseo is tackling one of the key challenges faced by the aquaculture industry – to provide high quality seafood to the rapidly growing world population and the increased demand in Asia, without adding extra pressures to the environment.
The FeedKind® production facility, expected to begin operating in 2022, will produce 20,000 tonnes per annum in the first phase to provide exclusive supply for Asian markets. A later expansion to 100,000 tonnes is also planned on several phases.
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Due to Covid-19 pandemic, many students lose the opportunity for healthy meals when the schools shut down. By partnering with GENYOUth, Adisseo NA is able to help those students and families in need while raising demand for farmed goods that otherwise are going to waste like cow’s milk.
GENYOUth, is a nonprofit organization dedicated to creating healthier school communities. Adisseo decided to sponsor 10 schools across the country in order to provide relief to students who may not have access to hot meals outside of school. Each school, based in Wisconsin, New York, California, Georgia, and Illinois – will receive $3000 grants to provide hunger relief to at-risk students.
GENYOUth created their COVID-19 Emergency School Nutrition Fund to help feed US nation’s kids during this unprecedented global pandemic.
Through partnerships across the public and private sectors and the support of civic-minded corporations like Adisseo, GENYOUth’s response to the Coronavirus has been focused on the 30 million American children who rely on school meals (including milk, whole grain, fruits, vegetables and protein) for their daily nourishment, and now millions more due to COVID-19.
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