Fatec, established in 1966, has an experienced management team and strong customer relationships. Fatec's CEO, Cicero Shimano, and his senior management team will stay with the business. Fatec is headquartered in Arujá, São Paulo state, with a plant with an advanced laboratory and traceability system. It sells approximately 20,000 MT per annum of premixes, animal health products and feed specialties, including probiotics, across Brazil with a focus on medium-sized customers in the southern states. Fatec will provide Nutreco with a strong commercial platform in the southern area of Brazil, where poultry, swine and dairy cattle are primarily farmed, thus extending Nutreco's geographic and species coverage in Brazil. Fatec employs approximately 240 people and in 2014 revenues will be approximately € 50 million.
European Commission withdraws yellow card from Tuvalu European Union
The European Commission has lifted the yellow card it had issued for Tuvalu as acknowledgement of the important progress this Polynesian island nation has made in addressing the shortcomings in its fisheries governance.