AgriNurture, Inc. Can Be Acquired According to BAC Company Report27 Jul 2012 • by Natalie Aster
LONDON – The deal valued USD 30.45 M on 124.486 M shares (28.11%) of AgriNurture was completed on January 3rd 2012. The buyer is Cargill Inc, US agricultural industry giant. The deal followed another acquisition made by AgriNurture and involving Philippines fruit drinks manufacturer The Big Chill Inc. AgriNurture acquired 51% of its shares with the goal of penetrating Chinese and US markets.
AgriNurture is a young and successful Philippine company with strong financials and optimistic future. In 2011 its revenue increased by 42.2% on annual basis and comprised PHP 2.25 B. Gross profit added 91.7% to reach PHP 519 M, operating income rose by 73.4% and amounted PHP 159.2 M, net income was PHP 193.9 M which is a 111.3% growth. The last quarter March 2012 ended with the following results: revenue of PHP 549 M, gross profit of PHP 140.8 M, operating and net income of PHP 29.4 M and PHP 34.1 M, respectively.
Founded in 1997 and headquartered in Paranaque City (Philippines), AgriNurture Inc engages in harvesting, processing and distribution of fruits and juices. Its product portfolio includes over 100 items, party local and partly imported from neighbor countries. Company’s operating segments are: Farming, Production, Distribution, Retail & Franchise. Through its 14 subsidiaries, the enterprise commits all operations, including worldwide shipments to Asia, Middle East, Europe, and North America.
Further information on the company’s business, strong and weak sides, experts’ forecasts can be found in the report “AgriNurture, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
AgriNurture, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Jul, 2012
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