CZAV is an innovative Dutch cooperation with a strong position in the field of purchasing and selling arable products, especially in the southwest of the Netherlands. The company focuses on the arable sector and has a large product portfolio. Its annual revenue is approximately 400 million and the number of members is around 3,000.
ForFarmers is an internationally operating food company that offers complete feeding solutions for the livestock industry. With 2,273 employees, a revenue of more than € 2.1 billion in the year 2016 and its sales of approximately 9.3 million tons of animal feed, ForFarmers is the market leader in Europe.
“Together with its partner companies, CZAV, has a leading position as a supplier of knowledge and products in the most important sectors of Dutch agriculture. The acquisition of the arable farming activities of ForFarmers, expands our coverage in the Netherlands and gives us a broader network. Antoon van Vugt, Managing Director of CZAV states: ” This fits within our strategy to be a leader in the agricultural sector by providing innovative knowledge and products.
The Crossminds, consisted of Pieter Poortvliet and Arjen van de Velde, advised CZAV in this transaction. Part of the advice was conducting a due diligence investigation. Melissa Schroevers, Ramon de Jong and Rick Wiegmans of DRV Accountants and Advisors assisted in this acquisition by carrying out a due diligence on HRM, pension and tax aspects.