Started in 1998, Prabhat, has a turnover of Rs 1,557 crore in fiscal 2018
DLG, Europe’s second-largest farm products brand is entering India in partnership with Prabhat Dairy.
Headquartered in Copenhagen, Denmark, DLG has been looking to expand its geographic footprint and has been in talks with multiple Indian players. However, discussions with Prabhat progressed significantly with the two now joining hands for the animal feed business.
Prabhat already has a presence in this space and the alliance with DLG will help the former to scale up the business. Besides, superior quality animal nutrition products will help in increasing milk yield, something that will boost Prabhat’s mainstay dairy business, which includes pasteurised milk, flavoured milk, clarified butter and cheese. Prabhat declined to comment.
DLG’s India foray follows the recent consolidation deals in the global animal feeds business with Archer Daniels Midland (ADM) acquiring France’s Neovia, Tyson buying Proteins Inc and Cargill snapping up Integral Nutricao in Brazil. All the three companies — ADM, Tyson and Cargill have a play in India’s animal nutrition sector, which is expected to touch $30 billion by the end of this decade.
Started in 1998, Prabhat, has a turnover of Rs 1,557 crore in fiscal 2018, and is aiming at Rs 2,000 crore by the end of this decade.