InVivo NSA has acquired a key player in animal feed sector in the Philippnies: Popular Feedmill Corporation.
This acquisition materialises InVivo NSA's desire to develop its industrial presence and investments in South-East Asia where it already holds strong positions in several countries: Vietnam, Indonesia, China, India, Cambodia, Myanmar, and Thailand.
Popular Feedmill Corporation, which built its first factory in 1995, currently employs about 500 people. The company has 2 production sites including a recently opened site in Bulacan near Manila and another in Cebu. The company produces approximately 150,000 tonnes of pig, poultry, aquaculture, and pet feed per year. InVivo NSA has strong expertise in the latter in Mexico and Brazil and possible synergies between the 3 countries are being explored.
The Philippines has a population of over 100 million people which is expected to grow by 57% by 2050. This would make it the 10th most populated country in the world. The country already has a high need for diverse and top quality animal proteins. Through this acquisition, InVivo NSA, world animal nutrition leader, will have industrial, technical, and commercial means to provide a product and service offering adapted to market stakes: complete feed, aquaculture, pet food and subsequently premix, additives and specialities, analysis laboratories, and animal health.
Hubert de Roquefeuil, CEO of InVivo NSA added, "The acquisition of Popular Feedmill Corporation confirms our willingness to develop on the rapidly growing markets of South-East Asia. It will also allow us to diversify and strengthen our revenue sources in the area to continue to build an even more efficient and resilient corporate business model."
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