OCP Group, a Moroccan state-owned phosphate company, announced on Monday that it had acquired a 50% stake in GlobalFeed S.L. from Fertinagro Biotech S.L., a major Spanish fertilizer producer.

“This acquisition confirms OCP’s goal of diversifying its phosphate solutions and becoming a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to specialty sustainable and customized products,” said Marouane Ameziane, OCP Group’s Managing Director for Specialty Products & Solutions.

According to Javier Martin, CEO of GlobalFeed, “this even closer alliance with OCP will accelerate our industrial capabilities and market growth, offering sustainable and advanced phosphates to the world’s most demanding nutritionists.”

GlobalFeed is an animal nutrition company that manufactures and distributes a wide range of products, including phosphate-based commodities and high-value solutions for a variety of species.

The company owns flexible production units in Huelva, Spain, with a capacity of 200,000 tons of phosphate-based products and 30,000 tons of iron sulphate, and it has a large global sales footprint.

The animal feed market has been strong in recent years as livestock production has increased around the world to meet the growing population’s demand for adequate meat and protein products, particularly in emerging markets.

This transaction will help OCP’s strategy to grow in the animal nutrition segment by expanding its geographical presence and offering a diverse, customized, and innovative product portfolio.

The OCP is the world’s first manufacturer of phosphate-based products and a global leader in plant nutrition. It offers a diverse range of customized products that help improve soil, increase agricultural yields, feed animals, and nourish the planet in a sustainable and cost-effective manner.

The OCP group generated $9.4 billion in revenue in 2021. It has a presence on all five continents and collaborates with over 350 customers worldwide.

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