MOROCCO – Morocco’s OCP Group, one of the world’s leading fertilizer producers, is seeking to diversify its phosphate production operations and become a leading player in the animal nutrition, with the acquisition of 50% stake in GlobalFeed from major Spanish fertilizer producer Fertinagro Biotech.
GlobalFeed operates in the animal nutrition segment, manufactures and distributes a wide range of products, including phosphate-based commodities and high value solutions dedicated to several species.
The company owns flexible production units with a capacity of 200,000 tons of phosphate-based products and 30,000 tons of iron sulphate located in Huelva, Spain and benefits from a large global sales footprint.
“This acquisition confirms OCP’s objective to diversify its phosphate solutions and become a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to speciality sustainable and customized products” said Marouane Ameziane, Managing Director for Specialty Products and Solutions at OCP Group.
The animal feed market has been growing strong in the last couple of years thanks to livestock production growing around the world, aimed to feed the population’s increasing needs for adequate meat and protein products, especially in the emerging countries of the global South.
In this context, this transaction will contribute to OCP’s strategy to grow in the animal nutrition segment by expanding its presence geographically and offering a diversified, customized and innovative product portfolio.
“This even closer alliance with OCP will accelerate our industrial capabilities and market growth offering sustainable and advanced phosphates to the world’s most demanding nutritionists, as well as. better access to our cutting-edge technologies and reliable alternative on the market.” commented Javier Martin, CEO of GlobalFeed.
OCP plays an important role in feeding a growing global population, by providing essential elements for the agricultural industry, with a century of experience and revenues reaching US$ 9.4 billion in 2021.
The company is a leader in plant nutrition and the world’s leading producer of phosphate-based products.
It provides a wide range of customized products to enhance soil, increase agricultural yields, feed animals and help nourish the planet in a sustainable and affordable way.
The proposed transaction is subject to customary closing conditions, including regulatory approvals.
In other related news, Emmerson PLC, a British company producing fertilizers, has secured a US$6 million to be channelled towards developing a Potash factory in Rabat, Morocco.
To secure the funding for the fertilizer plant, Emmerson reached a deal with Global Sustainable Minerals Pte Ltd, a private equity firm, and Gold Quay Capital Pte Ltd, an investment holding company.
The investment from the company demonstrates its continued commitment and confidence in Morocco.