Nor-Feed becomes sole shareholder of Nor-Feed Vietnam

Nor-Feed Holding has signed an agreement to acquire Nor-Feed Vietnam shares owned by NAN Group to become the single shareholder of the Vietnam-based company.

Nor-Feed, based in France’s Angers Technopole, was created 20 years ago around an original and unique concept focused on the preventive role of nutritional botanical extracts from agricultural co-products, designed to limit the use of antibiotics, coccidiostats and pesticides in animal nutrition.

The French corporation said in a release on Thursday that Trieu Nguyen has become director of Nor-Feed Vietnam via the transaction. He was previously the French company’s regional commercial director, in charge of Nor-Feed business in South East Asia, and he will keep these responsibilities. Nor-Feed did not disclose the transaction's price.

Olivier Clech, chairman of Nor-Feed Vietnam and president of Nor-Feed Holding, said: “Trieu is one of our senior managers, who has demonstrated his business leadership over the years.

“The demand for botanical additives for animal nutrition is strong in Southeast Asia, especially to offset oxidative stress or manage coccidial risk. The growth potential remains considerable in Vietnam, and the local team is very committed to continuing our development under his leadership.”

Nor-Feed Vietnam was established in 2016, as a joint venture between Nor-Feed Holding and NAN Group. The company has gradually introduced its botanical additives on the Vietnamese feed market, supported by university and research station work and field validation trials. Nor-Feed Vietnam has 28 registrations in Vietnam, for aquaculture and livestock applications.

NAN is headquartered in Ho Chi Minh City, Vietnam’s southern economic hub. It focuses on developing nature-based, plant-derived products and alternatives for antibiotic and chemical factors.