Sparks commentary - Fevara

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Sparks - Fevara

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Fevara (LSE: FVA) enters the Brazilian market through acqusition
Published by David Larkam

Fevara, the international specialist in livestock supplements, has agreed the acquisition of Domino Industria E Comercio (Macal) in Brazil, marking the group’s entry into this important territory. Initial consideration will be £5.0m on a cash/debt free basis, with a further £0.8m–£1.9m earnout. Macal generated EBITDA of c £0.7m (unaudited) in the last 12 months. South America is a key growth target for Fevara, particularly Brazil with over 200m cattle versus 100m in the group’s existing northern hemisphere markets.