Olam Agri acquires Senegal's second largest poultry feed supplier for €17m

The acquisition extends Olan Agri's feed and protein presence in West Africa.

Olam Agri has acquired Avisen SARL (Avisen), Senegal's second largest poultry feed supplier, for €17m ($24.8m).

The agribusiness will fund the acquisition from a combination of existing cash and debt facilities.

In a bourse filing, Olam Agri expects the acquisition to be earnings accretive from 2024 onwards.

Olam Agri said its acquisition of Avisen will extend its feed and protein presence in West Africa.

Avisen's facility is in Rufisque and produces over 100,000 metric tons (MT) of feed.

Follow the link for more news on

Olam Group

Acquisitions

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia