KUALA LUMPUR (Feb 3): SD Guthrie Bhd’s (KL:SDG) wholly owned downstream arm SD Guthrie International Ltd (SDGI) has acquired a 48% equity interest in Netherlands-based Marvesa Supply Chain Services BV for €54 million (RM250 million) from Dutch private equity firm, Parcom. 

The acquisition is made to enhance SDGI’s capabilities in supplying oils and fats to the strategic European animal feed and biofuel industries, and aligns with its long-term strategy to integrate its value chain and expand its footprint in key markets. 

Meanwhile, the remaining 52% stake in Marvesa is held by BGR Beheer BV, which is owned by the current executive management of Marvesa. 

According to SD Guthrie’s press release statement, Marvesa is a well-established name in the European market, specialising in the sourcing, blending, and distribution of oils and fats to the animal feed and biofuel industries. 

Its refinery in Zwijndrecht of the Netherlands, has a capacity of 300,000 tonnes annually and currently serves customers in 11 countries. 

The refinery produces a variety of oils and fats that are essential for applications such as industrial frying, emulsifiers, bakery and confectionery ingredients, margarines, dairy products, candles, and milk substitutes, catering to evolving market needs.

“This acquisition positions us for long-term success across emerging markets,” said Dr Shariman Alwani, SDGI’s chief executive officer. “To stay ahead of market demands and regulatory changes, it is crucial that we work together with strong, like-minded partners. Our position in Europe is now stronger, and we will be able to build more robust relationships.”
 
Meanwhile, Marvesa’s chief executive officer Bart de Bruycker said, “As shareholders in Marvesa, we are deeply invested in its growth and long-term success. This partnership with SDGI is a testament to the strength of our business and our shared vision for sustainable value creation. Together, we are well positioned to drive growth and deliver exceptional value to our customers across Europe and beyond”.

SD Guthrie said the collaboration between SDGI and Marvesa creates powerful synergies. “Marvesa’s established trading volumes in lecithin, soy and other soft oils align with SDGI’s diversification strategy into non-palm sectors,” it said.

“This allows both companies to penetrate high growth opportunities, including in North & Central Asia Pacific, the Middle East & Africa, and the Americas. Marvesa already has a presence in Indonesia and is well positioned for growth in the Southeast Asia region that is experiencing high demand for animal feed ingredients,” it added.

SD Guthrie is one of the world’s largest producers of Certified Sustainable Palm Oil (CSPO), producing about 12% of all CSPO in the world. It is a fully integrated player in the global palm-oil value chain, with business presence in 12 countries.

At Monday’s midday closing, shares of SD Guthrie were down two sen or 0.4% at RM4.83, giving it a market capitalisation of RM33.4 billion.