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Evialis steps up operations in south Africa - 29 nov 2005

The Evialis Group is consolidating its position in South Africa through the acquisition of Monti Foods. Based in East London in the province of Eastern Cape, Monti Foods sells 30,000 tonnes of compound feed per year for turnover of over €6 million.
Monti Foods will make a positive contribution to Group results from 2005. Its acquisition was financed locally.

COPREX A LEADER IN PREMIX AND SPECIALITIES


This acquisition will expand the activities of Coprex, a fully owned Evialis subsidiary headquartered in Johannesburg and specialising in premix, concentrates and nutritional specialities. Acquired by the Group in 2001, Coprex is a well known firm, which has established itself locally as a leader in piglet feed and concentrates for sows. This subsidiary is reporting good operational and financial results.



SYNERGIES WITH COPREX


By combining the activities of the two firms, Evialis will build on these strong levels of individual performance to quickly create new synergies. For example, Coprex will supply premix and starter feeds to Monti Foods.



NEW PROSPECTS


Monti Foods gives the Evialis Group a foothold on the compound feed market in South Africa, particularly in the coastal region, where new opportunities for growth could be studied.




Evialis has industrial presence in 12 countries with 52 industrial sites. The Group has turnover of almost €700 million, a workforce of more than 3,100, and sells its products and services in more than 50 countries.