Amsterdam – 24 May 2016– Euronext today welcomes ForFarmers, the European market leader of conventional and organic feed solutions for livestock on Euronext Amsterdam.
ForFarmers (ticker code: FFARM) is active in the area of conventional and organic feed solutions for farming. The company is headquartered in Lochem, the Netherlands and employs 2,370 people. With a total sales volume in animal feed of 9.1 million tonnes and a revenue of EUR 2.2 billion, it is the largest animal feed company in Europe.
In addition to animal feed for the ruminant, swine and poultry sectors, ForFarmers also offers its customers additional expertise and advice in the fields of nutrition, livestock farming and business development in order to support them in improving their returns.The agricultural sector plays an important role in the challenge of feeding a growing world population in a sustainable way. ForFarmers is committed to be an industry leader in terms of sustainability.
The listing on Euronext Amsterdam will enable institutional investors to invest in the company, further enhance ForFarmers’ public profile and brand recognition and create better liquidity for existing holders of securities.
After opening, the first market price was € 6.97.Based on the first price, the total market capitalization of the company was around € 740million.
Yoram Knoop, CEO at ForFarmers, said:“This is a historic day for ForFarmers. A public stock exchange listing is a logical step in the development of ForFarmers and we are proud to have been given the mandate by the members of Coöperatie FromFarmers as well as the other shareholders. This would not have been possible without the great efforts and commitments of all our stakeholders. We will continue to communicate in a transparent way about the implementation of our Horizon 2020 strategy.”
Maurice van Tilburg, CEO at Euronext Amsterdam, said:“Euronext is proud to welcome ForFarmers, a company with cooperative roots and international activities building on the professionalism of Dutch farmers. ForFarmers, being active in the agricultural sector, is another example of a valuable addition to the representation of Dutch heritage on Euronext Amsterdam.”
The company celebrated its listing on Euronext Amsterdam today by sounding the gong.
ForFarmers N.V. (Lochem, the Netherlands) is an internationally operating company active in the field of conventional and organic feed solutions for the stock farming. ForFarmers is the European market leader, with annual volumes of around 9.1 million tons of livestock feed.
Through the efficient production and logistics of feed and by developing products and concepts that ensure a better nutritional efficiency and improved quality of life for animals, ForFarmers contributes to economically viable and sustainable food production. In order to do so, the company has its own innovation centre, which cooperates closely with leading research institutes and universities.
In 2015, ForFarmers recorded revenue of € 2.2 billion. The company has a workforce of 2,370 employees and production facilities in the Netherlands, Belgium, Germany and the United Kingdom.