Common Ground Corporate Finance is happy to announce the successful acquisition of 50 % of the Turkish based Yem-Vit A.Ş by Northern Irish Devenish Nutrition Ltd.
This is a strategic move for Devenish and its first acquisition outside of the UK, Ireland and North America. This will allow the company to grow in the Turkish market and provide significantly improved access to surrounding regions.
Devenish has facilities in the UK, Republic of Ireland, North America and Africa and is a market leader with over 65 years’ experience in developing and supplying innovative and research driven nutritional solutions for animal and human health particularly in the pig, poultry, ruminant, aquaculture, equine and companion sectors.
Established in 1987, Yem-Vit is an independent, quality focused, family owned company, specialising in the production and distribution of a range of solutions for the poultry, ruminant and aquaculture sectors. Operating from new production facilities in Izmir, Yem-Vit is one of the major brands in the Turkish premix industry with a turnover of over 20 million Euro and exporting throughout Europe, Africa and the Middle East.
“Common Ground’s role was very instrumental in realizing this transaction. Based on their knowledge and experience in the animal nutrition sector, they thoroughly screened the Turkish market, identified the target that offers us the best synergies and positioned Devenish as the best strategic partner for further growing the Yem-Vit business” said Peter Wallace, Vice Chairman of Devenish Nutrition.