Avisen’s story began in 2000 with the meeting of two veterinarians in Senegal, sharing a common idea: develop the animal feed industry to facilitate access to animal protein. Twenty years later, the modest initial artisanal unit has grown into Senegal second largest poultryfeed manufacturer. Avisentoday produces over 100,000 tons of feedstuff per year and processes broilers in its brand-new slaughterhouse.
To pursue this success story, the shareholders have decided to seek a successor able to take Avisen to the next stage while preserving the vision of the founders: to offer high-quality products at an affordable price for the benefit of Senegalese poultry growers and consumers.
Avisen’s shareholders considered Olam Agri as the worthiest candidate. With its deep market knowledge, technical expertise, and financial capacities, Olam Agri possesses all the strengths needed to pursue Avisen’s development. Olam has indeed played a key role in the Senegalese wheat milling industry for nearly a decade and has gained a strong technical expertise in the animal feed industry as a leading producer in Nigeria.
This acquisition aligns with Olam Agri’s strategy to strengthen and expand its animal feed and protein capabilities and to invest in proven businesses having strong market positions.
Avisen’s shareholders: “We are pleased to have successfully sold Avisen to Olam Agri, a key player in the agribusiness industry. Olam has the financial and technical capabilities to support and develop Avisen. They will bring best industry practices and a great wealth of experience drawn from their positions in other markets such as Nigeria. We are also pleasedbecause OlamAgri sharesourvisionofdevelopingasustainable local animal feed industry to ensure food security for the country.”
Sharad Gupta, President of the Integrated Feed & Protein business at Olam Agri: “Avisen has earned an excellent reputation in Senegal thanks to the high quality of its products, efficient distribution network and field teams providing technical advice to poultry growers. Combining Olam Agri’s global commodity sourcing networks, strong manufacturing and formulation expertise with Avisen’s local market knowledge will enable us to further improve the quality and cost efficiency of feed in the Senegalese market. We expect continued strong growth in the poultry sector and the attendant
Clément Marchand, Partner at Enexus: “We are glad to have assisted Avisen’s shareholders in handing over their 20-year-old business and their aspiration to provide Senegalese consumers with affordable protein to Olam Agri. We strongly believe that the development of the animal feed industry is key to build food security and to favor business and job creation all along the value chain, from grain cropping to meat production.”
In this transaction, Avisen was advised by the investment bank Enexus Finance, and the law firm Lacourte Raquin Tatar.
About Avisen
Created in 2000, Avisen is a Senegalese company manufacturing poultry feedstuff and poultry meat. Located in Rufisque, Avisen’s feed facility produces over 100,000 tons of poultry feedstuff yearly. Avisen also processes broilers into its brand-new slaughterhouse located in Diamniadio to produce chicken meat.
About Olam Agri
Olam Agri is a market leading, differentiated food, feed and fibre agri-business with a global origination footprint, processing capabilities and deep understanding of market needs built over 33 years. Olam Agri is at the heart of global food and agri-trade flows with 39.6 million MT in volume traded in 2023. Focused on transforming food, feed and fibre for a moresustainable future, it aims at creatingvalue for customers, enable farming communities to prosper sustainably and strive for a food-secure future. Olam Agri Holdings Limited, which holds the Olam Agri business, is a 64.6% owned subsidiary of Olam Group. 35.4% of Olam Agri Holdings is owned by SALIC International Investment Company, a wholly owned subsidiary of Olam Agri’s strategic partner The Saudi Agricultural and Livestock Company. www.olamagri.com/
About Enexus Finance
Enexus Finance is an independent investment bank focused on Africa. Enexus provides M&A and fundraising services to African and international companies active on the continent. www.enexus-finance.com