Fevara plc (LSE: FVA), a global leader in sustainable livestock supplements, announces the addition of Tracesure® Advanced to its product portfolio, a next generation trace element supplementation solution, developed in strategic partnership with Vétalis.
The Company has entered into an agreement to acquire Domino Industria E Comercio LTDA, trading as Macal (‘Macal’), marking the Company’s entry into Brazil and establishing its first operational presence in the southern hemisphere.
The acquisition aligns closely with the Company’s strategy to gain medium term access to Brazil’s more than 200 million cattle, significantly complementing the Group’s northern hemisphere markets, which together represent around 110 million cattle. The transaction follows extensive market and product evaluations and is expected to close within 6 to 8 weeks.
Macal is a leading regional provider of minerals and supplements in Brazil, with products manufactured at its facility in Campo Grande, Mato Grosso do Sul, and sold through an established distribution network. While its current sales are concentrated within Mato Grosso do Sul, home to 19 million cattle, the business is strategically positioned near major neighbouring states representing a further 67 million heads. Macal’s range and market presence provide strong synergies with the Company low-moisture block product line, which will be introduced in Brazil.
Macal’s management team will remain with the business and work with the Company’s local leadership to expand distribution and introduce our specialist products into the Brazilian market.