World Grain - June 2016 - 124

SUPPLIER NEWS

Stern-Wywiol Gruppe 2015 sales increase
HAMBURG, GERMANY - Stern-Wywiol Gruppe announced on
April 14 it had achieved record sales of €444 million ($505 million)
in 2015, resulting in 12% growth for the business. The number of
employees in Germany and abroad rose to nearly 1,000. The company said it plans to continue this positive development in the growing
international market for food and feed ingredients with investments
of €25 million in the next two years.
The Stern-Wywiol Gruppe comprises 11 independent specialist
¿UPVLQ*HUPDQ\ZKLFKGHYHORSSURGXFHDQGPDUNHWIXQFWLRQDOLQgredients for the production of food and feed. They include Hydrosol, Mühlenchemie, SternMaid, SternVitamin, Sternchemie, SternEnzym, HERZA Schokolade and Berg+Schmidt. Each company has
VSHFL¿FFRPSHWHQFHLQDSDUWLFXODU¿HOGIRULQVWDQFHEDNHU\RUGDLU\
SURGXFWV GHOL IRRGV PHDW ¿VK FKRFRODWH ÀDYRULQJV OHFLWKLQ HQzymes or vitamins.
With an export share of over 80%, the independently operating
companies supply customers in more than 100 countries in all of the
FRQWLQHQWV WKH FRPSDQ\ VDLG )LIWHHQ IRUHLJQ DI¿OLDWHV ZLWK D VSHFL¿FNQRZOHGJHRIWKHLUUHJLRQDQGLQVRPHFDVHVUHVHDUFKDQGSURduction facilities of their own, ensure the group access to the most
important markets.
The group said it will invest another €25 million in enlarging research and production capacities in Germany and abroad over the

Stern-Wywiol's Torsten Wywiol and Volkmar Wywiol. Photo courtesy of
Stern-Wywiol.
next two years. New food technologists and sales staff will also be
taken on for these functions in Hamburg and abroad. This, Wywiol
said, will create a basis for continued growth of the group and a sales
target of €470 million in 2016.

OCRIM, ANTIM host technical conference
CREMONA, ITALY - OCRIM hosted the National Association of
Italian Milling Industry Technicians (ANTIM) for a technical meeting focused on the issue concerning the "good hygiene standards in
milling plants" on April 16. Many industry experts, technologists
and owners of mills from Italy came to Cremona.
The conference began with a welcome from Lorenzo Cavalli,
president of ANTIM, and from Alberto Antolini, chief executive
RI¿FHURI2&5,0&DYDOOLWKHQLQWURGXFHGWKHVSHDNHUVRIWKHFRQference who presented topics according to their knowledge and experience on good hygiene standards in mills.
Speakers included Marco Galli, OCRIM's technological department manager, Daniele Fogliazza, expert in safety and quality cer-

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conference ended with the questions from the audience.
At the end of the conference, Paolo Molinari, OCRIM's Electric
Department manager, showed and explained the operation of one of
the latest innovations of OCRIM, the online-MGA.
Antolini explained that the company's core business is focused
on the technology and mechanics, but it is also aware of the importance of honest relationships to grow and improve.
The participants visited all the production departments of both
OCRIM sites. OCRIM said it is grateful to ANTIM for choosing
its headquarters in Cremona, Italy as a location for its technical and
relational meeting day.

AGI to acquire NuVision Industries Inc.
WINNIPEG, MANITOBA, CANADA - Ag Growth International
Inc. (AGI) announced on March 13 that it has entered into a binding agreement to acquire NuVision Industries Inc., a designer and
builder of complete turnkey fertilizer blending plants and material
handling facilities. The acquisition of western Canadian-based Nu9LVLRQUHSUHVHQWVDVLJQL¿FDQWDGGLWLRQDOVWHSLQ$*,¶VVWUDWHJLFHQWU\
into the fertilizer sector, AGI said.
NuVision designs, manufactures, installs, and maintains fertilizer blending and handling facilities throughout Western Canada. It
offers complete parts and services to the fertilizer industry and has
the capacity for design-build fabrication services to facilitate project
completion, commissioning, and ongoing service. NuVision sales
124

and adjusted EBITDA, normalized primarily for related party items,
over the previous four years has averaged approximately C$18 million ($13,771,554) and C$3.4 million, respectively.
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a maximum purchase price of $26 million. The maximum purchase
price represents a multiple of 4.0 x 2015 normalized EBITDA. Terms
of the transaction include payment of C$12 million upon closing with
additional amounts payable annually based on achieved EBITDA in
2016, 2017 and 2018. All payments under the agreement are payable
50% in cash and 50% in AGI equipment and the cash amount payable upon closing will be funded from AGI's cash balance, AGI said.
June 2016 / World Grain / www.World-Grain.com

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