#rhone ma

[daieycom]

Rhone Ma enters dairy farming with Nor Livestock Farm acquisition

21 Feb 2020: Animal health solutions provider, Rhone Ma Holdings Bhd is acquiring non-controlling interests in three companies for RM7.84 million to expand its footprint in the ruminant segment and to participate in the dairy farming business.

Rhone Ma is acquiring a 49% stake in Nor Lazuli Nutrition Sdn Bhd (NLN) for RM1.75 million cash and another 49% stake in Nor Livestock Farm Sdn Bhd (NLF) for RM700,000.

In terms of capital expenditure, Rhone Ma has set aside some RM1.5m for the expansion of a dairy farm, following the acquisition of Nor Livestock Farm.

The group is aiming to have 250 cattle by the end of this year, which would mean two million litres of milk production annually. After that, Rhone Ma hopes to further double milk production to four million litres a year with 500 cattle in the next two years