Business
Acquisition of Domino Industria E Comercio LTDA
Fevara plc has announced its entry into the Brazilian market through the acquisition of Domino Industria E Comercio LTDA, trading as Macal, for an initial consideration of £5.0m, with an additional £0.8m-£1.9m in deferred consideration. Macal, which generated approximately £0.7m in unaudited EBITDA over the last 12 months, is expected to be earnings accretive in its first full year of ownership and is being acquired on a cash-free, debt-free basis. This strategic move aims to leverage Brazil's significant cattle population of over 200 million, complementing Fevara's existing northern hemisphere markets and supporting its international growth strategy. The acquisition is anticipated to close within 6-8 weeks. Disclaimer*
About this update from Fevara Plc
[{"type":"text","content":"\n\n3 December 2025\nFevara plc\n(\"Fevara\", the \"Group\" or the \"Company\")\nFevara enters Brazil with acquisition of Domino Industria E Comercio LTDA\nInitial move into strategically significant Brazilian market, establishing a southern hemisphere footprint and supporting delivery of the Group's strategy\nFevara plc (LSE: FVA), an international specialist in livestock supplements, is pleased to announce that it has entered into an agreement for the acquisition of Domino Industria E Comercio LTDA, trading as Macal ('Macal') in the strategically significant Brazilian market (the \"Acquisition\").\nThe initial consideration will be £5.0m, with a further £0.8m-£1.9m of deferred consideration payable in March 2028, subject to business performance, with both elements of the consideration being funded from the Group's existing resources. Macal is cash generative and is expected to be earnings accretive to the Group in the first full year of ownership, having delivered EBITDA of approximately £0.7m (unaudited) in the last 12 months. The Group expects to acquire Macal on a cash free, debt free basis with normalised working capital on completion.\nThe Acquisition represents a compelling strategic fit with Fevara's ambition to target medium-term access to Brazil's considerable population of more than 200 million cattle. This provides a highly complementary addition to the Group's existing northern hemisphere markets which comprise approximately 110 million cattle. The Acquisition comes after a period of extensive market, product and targets evaluation conducted with local specialist resource.\nThe Acquisition is expected to close within 6-8 weeks, on completion of certain deliverables.\nMacal is a leading provider of minerals and supplements, offering a wide range of products across several branded lines for cattle, sheep and horses. All products are manufactured at its own site in Campo Grande, Mato Grosso do Sul, Brazil, and sold through its regional distribution and commercial network, supported by strong brands and experienced management and commercial teams. Currently, Macal's sales are focused almost entirely within the state of Mato Grosso do Sul, which has 19 million head of cattle and the second-highest cattle density in Brazil. The business is strategically positioned next to Mato Grosso, Goiás and São Paulo state...