CJ Feed&Care, a subsidiary of South Korean feed and food producer CJ Cheil Jedang, is up for sale once again. The company has been looking to sell its 100% stake in the business for up to US$1.4 billion. However, recent reports suggest that selling the unit for that amount may be difficult, as it has reported losses in recent years.
CJ Cheil Jedang had previously been in talks with Nutreco to sell CJ Feed&Care in 2019, but the two parties could not agree on a sale price. In 2020, the company tried to sell the unit again by selecting a global investment bank as an adviser, but few prospective buyers expressed interest.
According to Feed Strategy’s Top Feed Companies database, CJ Cheil Jedang operates 27 plants in seven countries (South Korea, China, Vietnam, Philippines, Indonesia, Cambodia and Myanmar). The company produces feed additives and compound feed for aquaculture, pigs, poultry and ruminants, as well as pet food. In 2022, the company produced just under 4 million metric tons of feed.
