ForFarmers and Team Agrar, part of the DLG Group, have completed the formation of their joint venture, which was announced in September 2024. All conditions for this transaction have been met, including approval from the local competition authority.
ForFarmers and Team Agrar have been working together in Germany for some time through their joint venture HaBeMa, a company active in the trade, storage and transhipment of raw materials and compound feed production in Hamburg, Germany.
The 50-50 joint venture, which will operate under the name ForFarmers Team Agrar, involves the feed activities of ForFarmers in Germany with approximately 250 employees and the feed activities of Team Agrar in Germany with approximately 130 employees. The current HaBeMa joint venture, which has 130 employees, is also part of the joint venture. In total, there are eight feed production locations, three storage and transhipment terminals and the vehicle fleet.
The joint venture is in line with the strategic ambition of both partners: to better serve the German market, create new growth opportunities and leverage each other’s strengths with the aim of increasing profitability.
The management of the new joint venture will consist of Ernst Friedlaender (ForFarmers), Markus Green (Team Agrar) and Jes-Christian Hansen (HaBeMa).
