Arvesta agreed to acquire Forfarmers Belgium Bvba from ForFarmers N.V. (ENXTAM:FFARM) for ?25 million on April 4, 2023. By means of the acquisition of ForFarmers Belgium, Arvesta will be taking over approximately 80 employees. In addition, the mill and site in Ingelmunster are also included in the transaction.

The sale of co-products, the activities in Belgium of the organic feed producer Reudink and the horse feed producer Pavo are not included in this transaction. The transaction is subject to approval of the Belgian competition authority and is expected to close in the second half of 2023. As of September 29, 2023, Belgian competition authority approved the transaction.