KUALA LUMPUR – SD Guthrie International Limited (SDGI), formerly known as Sime Darby Oils International Limited, has acquired a 48% stake in Marvesa Supply Chain Services B.V. (Marvesa), a Netherlands-based company specialising in oils and fats for the animal feed and biofuel industries.
The deal, valued at EUR54 million (RM250 million), strengthens SDGI’s presence in the European market.
The 48% stake was purchased from Dutch private equity firm Parcom, while the remaining 52% remains with BGR Beheer B.V., owned by Marvesa’s executive management team, SDGI said in a statement today.
SDGI is the downstream arm of SD Guthrie Berhad (SD Guthrie), formerly Sime Darby Plantation Berhad. SD Guthrie is one of the world’s largest producers of Certified Sustainable Palm Oil (CSPO), accounting for about 12% of global CSPO production. It operates in 12 countries and is fully integrated into the global palm oil supply chain.
Marvesa is a key player in Europe, handling the sourcing, blending, and distribution of oils and fats for animal feed and biofuels. Its customers include traders, distributors, and multinational feed producers.
Through this acquisition, SDGI strengthens its foothold in Europe, where it already serves customers in 11 countries from its refinery in Zwijndrecht, Netherlands. The refinery, with an annual capacity of 300,000 metric tonnes, produces oils and fats used in industrial frying, emulsifiers, bakery and confectionery products, margarines, dairy items, candles, and milk substitutes.
“This acquisition positions us for long-term success across emerging markets,” SDGI’s chief executive Dr Shariman Alwani, said.
“To stay ahead of market demands and regulatory changes, it is crucial that we work together with strong, like-minded partners. Our position in Europe is now stronger, and we will be able to build more robust relationships.”
The partnership between SDGI and Marvesa is expected to create new opportunities. Marvesa’s trading volumes in lecithin, soy, and other soft oils complement SDGI’s plans to expand into non-palm oil sectors.
The companyu said this collaboration will help both companies tap into high-growth markets, including North & Central Asia Pacific, the Middle East & Africa, and the Americas.
Marvesa’s presence in Indonesia also positions it well for growth in Southeast Asia, where demand for animal feed ingredients is rising, it said.
“As shareholders in Marvesa, we are deeply invested in its growth and long-term success. This partnership with SDGI is a testament to the strength of our business and our shared vision for sustainable value creation. Together, we are well positioned to drive growth and deliver exceptional value to our customers across Europe and beyond,” Marvesa chief executive Bart de Bruycker, said.
The acquisition aligns with SDGI’s long-term strategy to expand its market reach and integrate its value chain.
SDGI parent SD Guthrie Berhad touts itself global leader in Certified Sustainable Palm Oil production, employing over 80,000 people and serving food consumers and brands in more than 90 countries. All of its palm oil is fully traceable and deforestation-free. – February 3, 2024