Acquisition of Format International Ltd.
Deal boosts end-to-end solutions offering for animal nutrition and feed industries Minneapolis - Dec. 16, 2015 – Driven by opportunities in the global feed software market to provide customers with integrated formulation software and solutions on a larger scale, Cargill has acquired Format International Ltd., a leading global feed formulation software company with more than 30 years of experience and more than 5,000 users across 93 countries. Format International specializes in the design, authoring and marketing of recipe optimization, ingredient allocation and food and feed formulation solutions for the animal feed, aqua feed, pet food, human food, premix and other industries.
Format International will become part of Cargill Feed Management Systems (FMS), a software company that operates as a separate part of the Cargill Animal Nutrition business. FMS has more than 12,000 users and provides formulation and operations solutions to the feed industry. The acquisition creates a unique opportunity for Cargill to create world-class formulation solutions and provide customers with an even more comprehensive range of products and services. “This acquisition combines Format International’s software capabilities and state-of-the-art platform with Cargill’s expertise in animal nutrition and nutrient analysis,” said Bruce Feist, managing director, Cargill Feed Management Systems. “Together, we will be able to offer our customers a complete and fully integrated nutrition solution that will deliver the right information to the right person – anytime, anywhere.”
Customers and employees will benefit not only from Cargill’s scale and animal nutrition expertise, but also from working with a company that shares its values. “What impresses me about Cargill is its high ethical standards, sustainable business practices and values-based culture focused on customers, employees and communities,” said Merryl Webster, managing director, Format International. “Its commitment to providing customers with end-to-end solutions will give Format’s customers additional choices of tools and systems which will help to more effectively grow their businesses long-term and ensures that we continue to deliver high quality products and services to them.”