🇳🇱 De Heus Animal Nutrition

Veghel, Netherlands · Est. 1911

A Dutch family-owned global feed company, quietly building one of the world's most aggressive feed manufacturing networks in emerging markets. De Heus operates in 40+ countries with 80+ production facilities — a footprint built through sustained acquisitions in Asia (Vietnam, India, Philippines, Bangladesh), Africa (Ethiopia, Nigeria, Kenya), and Eastern Europe. In India, De Heus acquired several local feed companies and operates poultry and aqua feed plants across Andhra Pradesh and Telangana. Its strategy is to be the 'local feed company with global know-how' — transferring European nutrition science into developing world feed systems.

Revenue

$4.5B

2023

Capacity

12M MT

MT / year

EBITDA Margin

7.2%

operating margin

Employees

9,000

headcount

Investor Relations ↗Annual Report ↗

Revenue History

USD Million (EUR converted)

Total company revenue (feed-only business)

Revenue by Feed Segment

Segment Breakdown

Poultry Feed

48%

Aqua Feed

22%

Ruminant

18%

Swine

12%

Intelligence

Key Facts

Family-owned (De Heus family since 1911) — operates with a long-term horizon vs listed peers

Fastest-growing global feed company in emerging markets: 40+ countries, 80+ plants

India acquisitions in AP/Telangana — direct competitor to Avanti and Godrej Agrovet in aqua feed

European nutrition science applied at developing-world cost structure — unique competitive position

Investment Highlight

Most aggressive emerging-market feed expansion play among global companies; private ownership enables counter-cyclical investment that listed peers cannot match