KUALA LUMPUR: SD Guthrie International Ltd, a wholly-owned subsidiary and downstream arm of SD Guthrie Bhd
, has acquired 48% equity interest in Netherlands-based Marvesa Supply Chain Services BV for EUR54mil (RM250mil).
The stake, which was purchased from Dutch private equity firm Parcom, is expected to enhance SD Guthrie International's capabilities in supplying oils and fats to the strategic European animal feed and biofuel industries.
The remaining 52% stake is held by BGR Beheer BV, which is owned by the current executive management of Marvesa.
According to a joint statement by SD Guthrie and Marvesa, Marvesa is a well-established name in the European market, specialising in the sourcing, blending, and distribution of oils and fats to the animal feed and biofuel industries.
It said the Marvesa acquisition strengthens SDG International’s presence in Europe, where it serves customers in 11 countries from its Zwijndrecht refinery in the Netherlands, which has a capacity of 300,000 metric tonnes annually.
SD Guthrie International CEO Shariman Alwani said the acquisition positions it for long-term success across emerging markets.
“To stay ahead of market demands and regulatory changes, it is crucial that we work together with strong, like-minded partners. Our position in Europe is now stronger and we will be able to build more robust relationships.”
Marvesa CEO Bart de Bruycker added that the partnership with SD Guthrie International is a testament to the strength of its business and shared vision for sustainable value creation.
