FDBusiness.com

Cargill, the US-based food, agricultural, financial and industrial products and services group, has completed the acquisition of Provimi, a global animal nutrition company, for an enterprise value of Eur1.5 billion ($2.1 billion). By building on the existing strengths of the two companies, Cargill is creating a global leader in animal nutrition with the ability to offer the broadest array of products, services and capabilities.

With 70 production centres in 27 countries and exporting to over 100 countries, the Provimi employs about 7,000 people and has total annual sales of Eur1.6 billion.

The merger will bring together the complementary animal nutrition expertise and operations of Cargill and Provimi. Cargill’s expertise in compound feed, supply chain and risk management will come together with Provimi’s wide range of nutritional expertise, technology and portfolio of premix, additives and ingredients. This increased range of capabilities, delivered by more than 16,000 employees across a global network spanning 37 countries will offer distinctive value to serve customers’ needs worldwide.

Cargill’s new animal nutrition business will be led by Ton van der Laan, previously chairman and group chief executive officer of Provimi, who joins Cargill as a corporate vice president, and Cargill’s animal nutrition business leader, Joe Stone.