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Acquisitions, buy-ups and change of owner

Acquisition fever is rife and creating significant upheavals in the pet supplies business.

Acquisition fever continues in the pet supplies sector. The initial excitement regarding the intended purchase of Champion Petfoods by Nestlé Purina PetCare had scarcely abated before the next proposed deal was announced: Archer Daniels Midland Company (ADM), the leading global supplier of products for livestock husbandry and pet owning, has declared its interest in acquiring the French company Neovia for 1.5 bn euros (approx. 1.8 bn dollars).

Neovia, in which the agricultural cooperative InVivo currently has a majority holding, employs around 8 200 people. Its sales last year came to 1.7 bn euros, 75 per cent of which was accounted for by western Europe. The company would thus be a perfect European counterpart for ADM, which does most of its business in North America.

If the deal should go through, a new joint company would be created that would operate under the name ADM-Neovia and would have a sales volume of 3.5 bn dollars.




|10 July 2018

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