OCP Group Increases Its Stake in GlobalFeed to 75%
The OCP Group has acquired an additional 25% of the capital of GlobalFeed, which it had already acquired in May 2023, bringing its total stake to 75%, while Fertinagro Biotech retains the other 25%.
GlobalFeed offers a wide range of products dedicated to animal nutrition, including high-value-added phosphate-based feed.
For Javier Martín, Director of Strategic Business Development at Fertinagro Group, "This advancement represents a significant step in strengthening our relationship with the OCP Group and reinforces our shared vision of innovation and development in the phosphate sector. Our ongoing partnership and collaboration remain key pillars of our growth, enabling us to move forward with sustainable, high-value solutions for an ever-evolving market."
"This additional acquisition represents a major boost for the execution of our Group's growth strategy in the animal nutrition market. It reflects our commitment to expanding our capabilities, enhancing innovation, and driving sustainability across our portfolio. Together with our partner Fertinagro, the Group will continue to develop high-quality, customized, and sustainable solutions to enhance the value we offer to our customers worldwide," said Abdelati Tantaoui, Commercial Director of Animal Nutrition at OCP Group.
About OCP Group
OCP Group helps feed a growing global population by providing essential elements for soil fertility and plant growth. With more than a century of experience and a revenue of over 9 billion dollars in 2023, OCP is the world leader in plant nutrition solutions and phosphate-based fertilizers. Headquartered in Morocco and present on all five continents, OCP Group employs over 17,000 people and works closely with more than 350 customers worldwide. OCP has recently launched a green investment strategy aimed at increasing fertilizer production and investing in renewable energy.
