Posted: Nov. 22, 2011, 6:30 p.m. EST
|Cargill of Minneapolis, producer of brands such as Loyall pet foods, completed its acquisition of animal nutrition company Provimi.|
Cargill of Minneapolis has completed its acquisition of animal nutrition company Provimi for about $2.1 billion. The combined animal nutrition business will employ more than 16,000 people in 37 countries, Cargill reported.
While the company will focus primarily on feeds for cattle, poultry and swine producers, Cargill does produce and market companion animal foods in the U.S., primarily through feed stores and other ag retailers. Brands include Loyall pet food and River Run Dog food.
Cargill also markets bagged feed for horses, poultry, goats, rabbits and other animals under the Nutrena (U.S.) and Purina (international) brands.
Provimi had sold its Budapest-based European pet food business to private equity group Advent International earlier this year for about $240 million.
Ton van der Laan, previously chairman and group CEO of Provimi, will lead Cargill’s new animal business as a corporate vice president, along with Joe Stone, Cargill’s animal nutrition business leader.
“Bringing together the talents and expertise of our two organizations creates a global leader in animal nutrition that will enable us to have a broader market reach and an even better product and service capability,” Stone said. “Along with our access to a global supply chain and an enhanced technology base we will be able to improve the delivery of innovative animal nutrition solutions to our customers.”
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