Phosphate group OCP to acquire 50% stake in GlobalFeed

GlobalFeed produces and distributes a wide range of animal feed products, and has a large global sales presence. Located in Huelva, Spain, it has annual production capacity of 200,000 tons in terms of phosphate-based products and 30,000 tons of iron sulfate products – a portfolio targeted at feed for poultry, pigs, and ruminants and for aquaculture.

Marouane Ameziane, MD, specialty products, OCP Group, said the deal would increase the Moroccan group’s footprint in the animal nutrition space: “This acquisition confirms OCP’s objective to diversify its phosphate solutions and become a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to specialty sustainable and customized products.”

Commenting on the deal, Chris Lawson, head of fertilizers, CRU, told us: “OCP already has a presence in Spain through its 20% ownership of Fertinagro Biotech, which is part of the Tervalis group. So this deal is an extension of that, but is more directed towards the animal feed phosphate market.”

OCP has been growing its share of that market after building out its own production capacity and marketing capabilities in recent years, he added. “We assume OCP will be the key supplier of phosphoric acid into [the GlobalFeed] plant.”

The transaction is subject to customary closing conditions, including regulatory approvals.

Record earnings

In Q2 and H1 2022 earnings results released last week, OCP noted the “exceptional financial performance​” for the group in the first half of the year, citing the higher prices across its product categories, together with continued production and operating efficiencies, resulted in an “industry-leading”​ EBITDA margin of 50%.

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