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Harbro completes acquisition of Murray Farmcare Ltd to expand retail and farm sales network

Jun 27, 2024over 1 year ago

Acquiring Company

Harbro

Acquired Company

Murray Farmcare

AberdeenDumfries And GallowayAnimal FeedFood and BeverageAgriculture and FarmingManufacturingFarming

Description

Harbro, an established animal feed firm, has announced the acquisition of Murray Farmcare Ltd, an independent group of country stores in Dumfriesshire and the North of England. This strategic move will expand Harbro's retail and on-farm sales network, enabling them to offer a broader variety of products and services to the farming and wider rural community. The acquisition aligns with Harbro's ethos of providing excellent customer service, advice, and value for money.

Company Information

Company

Harbro

Location

Aberdeen, Scotland, United Kingdom

About

Harbro is an animal feed firm established in 1977 with a manufacturing capacity of 280,000 tonnes from sites based in Scotland and England. It specializes in livestock feeds for beef, sheep, dairy, pig, and poultry. The Harbro Group includes Strathclyde Nutrition Ltd, which contract manufactures animal feed buckets & blocks, and Transpan (Scotland) Ltd. The network of Harbro Country Stores supplies both the farming and wider rural community with animal health products, farming supplies, equestrian, pet food, wild bird feed, and everything required for rural life.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed