BayWa AG intends to strengthen its trading activities in the UK by their UK subsidiary Cefetra Ltd acquiring the speciality trader Premium Crops Ltd, subject to satisfaction of completion conditions. The acquisition is part of the BayWa Agri Supply & Trade (BAST) business unit’s strategy to enhance its specialties products and services. Premium Crops is a leading UK specialist crop contracting and supply business whose focus is on sustainable, traceable, and fully risk-managed supply chains for niche oilseeds and grains. Until now, it has been part of the American group Technology Crops LLC.
“The acquisition of Premium Crops is part of our specialisation strategy in agricultural trade. We will be able to further diversify our portfolio in the speciality segments, and offer both the farmers in the UK and our customers in Europe and neighbouring markets an even wider range,” Klaus Josef Lutz, Chief Executive Officer of BayWa AG, said.
Growing numbers of customers and suppliers are placing greater emphasis on long-term partnerships. “In light of rising demand from the food and feedstuffs industry for specialities, we regard trading in this area as a promising opportunity” he added.
“Cefetra has an excellent reputation and customer network,” Andrew Probert, Managing Director of Premium Crops Ltd, said. “Our portfolio already includes a number of exclusive crop products, but this acquisition will create new opportunities for us in speciality crop sector. Just like Premium Crops, Cefetra stands for stable and reliable processes across the value chain, as well as value-added alternatives to traditional products in crop cultivation.”
Cefetra Ltd is one of the leading agricultural traders within the UK with a trading volume of over 4 million tonnes of grain and products per year. Since 1999, the company has been part of the Cefetra Group, which is a wholly owned subsidiary of BayWa AG.
In 2015, Cefetra Ltd acquired the British grain trader Wessex Grain.
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