Fatec, established in 1966, has an experienced management team and strong customer relationships. Fatec's CEO, Cicero Shimano, and his senior management team will stay with the business. Fatec is headquartered in Arujá, São Paulo state, with a plant with an advanced laboratory and traceability system. It sells approximately 20,000 MT per annum of premixes, animal health products and feed specialties, including probiotics, across Brazil with a focus on medium-sized customers in the southern states. Fatec will provide Nutreco with a strong commercial platform in the southern area of Brazil, where poultry, swine and dairy cattle are primarily farmed, thus extending Nutreco's geographic and species coverage in Brazil. Fatec employs approximately 240 people and in 2014 revenues will be approximately € 50 million.
Thai Union records 1Q24 net profit of USD 32.49 M Thailand
Net profit increased 53.9 percent from 1Q23 adjusted net profit to THB 1.2 billion (USD 32.49 M) due to a healthier operating profit
Gross profit margin improved to 17.3 percent, with stron...