PETALING JAYA: SD Guthrie Bhd
’s wholly-owned downstream arm, SD Guthrie International Limited (SDGI), has acquired a 48% equity interest in Marvesa Supply Chain Services BV (Marvesa) from Dutch private equity firm Parcom.
The remaining 52% stake is held by BGR Beheer BV, which is owned by the current executive management of Marvesa.
In a statement, the palm oil producer said the acquisition from the Netherland-based company is worth RM250mil and is set to enhance its capabilities in supplying oils and fats to the strategic European animal feed and biofuel industries.
Marvesa, a renowned brand with a strong presence in Europe, specialises in the sourcing, blending and distribution of oils and fats to the animal feed and biofuel industries.
Producing a capacity of 300,000 tonnes annually in its Zwijndrecht refinery in the Netherlands, Marvesa serves customers in 11 countries.
The refinery produces a variety of oils and fats that are essential for applications such as industrial frying, emulsifiers, bakery and confectionery ingredients, margarines, dairy products, candles and milk substitutes catering to evolving market needs.
The group said the partnership between both entities will create a powerful synergy as Marvesa has established trading volumes in lecithin, soy and other soft oils.
These closely align with SDGI’s diversification strategy into non-palm sectors, allowing both entities to penetrate high-growth opportunities, including in North and Central Asia Pacific, the Middle East and Africa, as well as the Americas.
“Marvesa already has a presence in Indonesia and is well positioned for growth in the South-East Asian region that is experiencing high demand for animal feed ingredients,” SD Guthrie said in its statement.
SDGI’s chief executive officer, Shariman Alwani, said the acquisition has positioned them 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,” Shariman said.
SD Guthrie is one of the world’s largest producers of certified sustainable palm oil (CSPO), producing about 12% of all CSPO in the world.
It is also a fully integrated player in the global palm oil value chain with business presence in 12 countries and has long had strategies to integrate its value chain and expand its footprint in key markets.
Marvesa chief executive officer Bart de Bruycker said they are deeply invested in growth and long-term success as shareholders.
“This partnership with SDGI is testament to the strength of our business and our shared vision for sustainable value creation. Together, we are well positioned to drive growth and deliver exceptional value to our customers across Europe and beyond,” de Bruycker noted.
Meanwhile, SDGI recently delivered its first shipment of palm oil compliant with the European Union Deforestation Regulation ahead of its implementation.
