Arable businesses set to expand
Dalgety Group, advised by KPMG Corporate Finance, has sold five of its nine animal feed mills to Associated British Nutrition (ABN), another mill and Dalgety's livestock marketing operation to Fishers Feeds, part of the same ABF group, and announced plans to expand its arable merchanting businesses in Britain and Central Europe.
The move is seen by Dalgety as an essential requirement in an industry urgently needing to restructure following a three-year fall in livestock farm incomes.
Dalgety Group managing director Tony Taylor said: "Manufacturing over-capacity has remained a feature of the industry. The sale of six mills now will allow restructuring of the industry to serve a significantly changed livestock farming market.
