Olam, InVivo partner to enter the animal feed industry in Nigeria

Global agribusiness gaints, Olam International Limited and French feedstock company InVivo Animal Nutrition & Health has signed a consulting agreement to jointly develop expertise in animal feed in Nigeria.

The two-year consulting services partnership agreement will involve technical assistance and sharing of expertise to jointly develop solutions and products in animal feed.

“This partnership follows our announcement in November to enter the animal feed and related businesses in Nigeria,” said K C Suresh, global head of grains, Olam International Limited.

According to Olam, the global feed industry is a growing part of the agri-commodity complex with attractive returns and a strong growth outlook, particularly in emerging markets such as Nigeria.

The partnership also include knowledge transfer between the two companies which would help develop solutions, formulate animal feed, characterize raw materials and implement research and development trials and protocols to enter the animal feed industry in the country.

“This knowledge-transfer agreement will accelerate our penetration into this space, allowing Olam and InVivo to rapidly scale up commercial activities. In doing so, we look forward to improving productivity and returns for the local fish and poultry producers, which supports Nigeria’s economy.”

As part of the agreement, both companies will tap each other’s proven expertise – Olam for its Africa experience and InVivo for its animal feed proficiency. InVivo will support Olam in the design, equipment selection and installation of its feed mills across Nigeria.

InVivo will work closely with Olam’s team to build a strong understanding of the local market and develop cost-effective formulations using both local and imported raw materials

InVivo will also train Olam’s staff on providing veterinary field support to poultry and fish farmers in order to help deliver consistent product performance.

In addition, Olam will gain access to InVivo’s research and development, and product development facilities as well as their feed manufacturing units in other developing markets across Asia and Latin America.

“Developing key partnerships with major players and accelerating our footprint in Africa is at the core of InVivo’s 2025 strategy,” said H. de Roquefeuil, chief executive officer, InVivo.

“We look forward to leveraging off Olam’s Africa experience to bring our differentiated expertise to the region.”

Josephine Okojie