Provimi has agreed, on an exclusive basis, to commence the necessary Works Council consultations and appropriate regulatory approvals.
Cargill plans to acquire Provimi’s worldwide animal nutrition business, which has operations in 26 countries and employs more than 7,000 people across Asia, Europe, Africa and Latin America. The acquisition would strengthen and expand Cargill’s existing operations creating a global leader in animal nutrition.
“The combination of Cargill and Provimi would create a new, world-class animal nutrition offering with the expertise to offer customers a full range of enhanced products and services,” said Paul Conway, Cargill vice chairman. “This acquisition would mark a significant step in Cargill’s animal nutrition growth strategy and underlines our commitment to continued long-term investment to meet the needs of our customers around the world. We look forward to working with Provimi.”
Cargill and Provimi have complementary market positions and strengths. Provimi has broad nutritional expertise, and a wide portfolio of premix, additives and ingredients. Cargill’s animal nutrition business brings expertise in compound feed, supply chain and risk management as well as access to global trends, knowledge and information from across the agricultural supply chain.
The combination of the businesses would provide an increased range of capabilities and a global network to service customers.
Source: Cargill
If you enjoyed this article, you may also like these stories:
© FoodBev Media Ltd 2024