France-based botanical additives producer Nor-Feed explained that it became the sole shareholder of Nor-Feed Vietnam, which was established as a joint venture with NAN Group in 2016.
Nor-Feed Holding has announced that it has signed an agreement to acquire Nor-Feed Vietnam shares owned by NAN Group, thus becoming the sole shareholder of the Vietnamese company. Nor-Feed, based in the Angers Technopole (France), was created 20 years ago around an original and unique concept focused on the preventive role of nutritional botanical extracts from agricultural co-products, designed to limit the use of antibiotics, coccidiostats and pesticides in animal nutrition.
Nor-Feed Vietnam was established in 2016, as a joint-venture between Nor-Feed Holding and NAN Group. The company has gradually introduced its botanicals additives on the Vietnamese feed market, supported by university and research stations work and field validation trials. Nor-Feed Vietnam has today a total of 28 registrations in Vietnam, for aquaculture and livestock applications.
Effective now, Trieu Nguyen becomes director of Nor-Feed Vietnam. Nguyen was up to now regional commercial director, in charge of Nor-Feed business in South East Asia and he will keep these responsibilities.
THE GROWTH POTENTIAL REMAINS CONSIDERABLE IN VIETNAM
“Trieu is one of our senior managers, who has demonstrated his business leadership over the years. The demand for botanical additives for animal nutrition is strong in South East Asia, especially to offset oxidative stress or manage coccidial risk. The growth potential remains considerable in Vietnam, and the local team is very committed to continuing our development under Trieu’s leadership,” said Olivier Clech, Chairman of the board of Nor-Feed Vietnam and President of Nor-Feed Holding.
Trieu Nguyen, Director of Nor-Feed Vietnam, and Regional commercial director of Nor-Feed for Asia, added: “I am delighted to take this additional responsibility and lead Nor-Feed Vietnam, and thankful for the trust of Nor-Feed management. I am deeply convinced that sustainable farming is the way forward, and our botanicals can play a significant positive role. We will work with our team to bring sustainable value to our partners.”
The legal procedures associated with these changes have been managed by Asiattorneys, the local associate of Fidal in Vietnam.
