ShapeShapeauthorShapechevroncrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape
Sponsor message
Now new in the US - Dietary diformates Made in Germany Learn more

RJ Feeds Acquires Tanzania Poultry Firm

by 5m Editor
5 March 2012, at 1:12pm

TANZANIA - Aurangabad-based RJ Feeds Pvt Ltd has gone to Africa for its first acquisition. The company has recently acquired Tanzania-based integrated poultry firm Gold’N Chiks Ltd for an undisclosed amount. The deal involves 100 per cent buyout of the existing promoter’s stake and has been funded through internal accruals and bank financing.

This is also the maiden acquisition for Rs 500 crore RJ Group, which has interests in integrated poultry business, agri-biotechnology, and fertilisers & natural pesticides manufacturing, among others. Khadkeshwar Hatcheries, the flaship company of the group is one of the largest integrated poultry players Maharashtra.

“The group expects to leverage its vast experience in poultry business to expand its footprint into other African countries like Ethiopia, Kenya, etc.,” a company statement said.

Hyderabad-based Akasam Consulting was the advisor to RJ Feeds on the transaction. According to VCCircle, Akasam is also advising RJ Group on strategic reorganisation of its various businesses.

The Group, led by first-generation entrepreneur Raghavendra Joshi, is also looking to consolidate its presence in poultry and agriculture space through strategic partnerships both in India and abroad.

Dar es Salaam-based Gold’N Chiks is a full scale poultry house with bird-rearing facilities, automatic feed mill and a dressing plant integrated with blast-freezing and refrigerated storage facilities. It also owns a popular brand for retailing chicken.

Sponsored content
Our Formi products fulfil tomorrow’s requirements today.

Formi NDF and the 3rd Generation acidifier Formi 3G have been formulated to replace the need for in-feed antibiotics, by ensuring a strong antibacterial impact against Gram negative and Gram positive bacteria.

The Formi product line, based on Addcon’s patented diformate technology ensures optimal efficiency, highest growth rates and maximum safety, which are key requirements in animal production worldwide – and are now available in the USA.

Learn more