Birch Hill to sell animal nutrition supplier Hi-Pro Feeds to Nutreco
Nutreco NV has agreed to acquire Hi-Pro Feeds LP, an Okotoks, Alberta-based maker and distributor of high performance animal feed in North America. No financial terms were released for the deal, which is expected to close by 2017's second half. The seller is Canadian private equity firm Birch Hill Equity Partners, the company's majority owner. Hi-Pro Feeds, which currently serves more than 5,000 customers, was created in 2012 with the management buyout of Viterra Inc's feed products unit. Birch Hill invested in the buyout. Nutreco, a Dutch animal nutrition and aquafeed company, said the acquisition will extend its market presence in Canada and create a new base in the United States.
19 January 2017•4 mins read
