News last update:6 Aug 2012

Provimi acquires Biovet in Colombia

The Provimi Group has signed agreements for the acquisition of 'Biovet', a leading premix producer in the growing and profitable market of Colombia. With this acquisition Provimi further strengthens its position in Latin America.

Biovet is the leading independent premix producer in the country, in particular for poultry. The company employs around 80 people and is well positioned to exploit the growth potential in the Colombian market. Biovet is located in Bogota with a good nationwide distribution network. The company is strategically well located for both the import and export of animal nutrition products from and to neighbouring Latin American countries.

The acquisition of Biovet is fully in line with Provimi's strategy of growing its presence in this segment in Latin America. Colombia is a key country within the region in terms of its animal nutrition market and growth opportunities. The country showed a high GDP growth over recent years, leading to increased meat consumption. As a result, the feed production grew to over 5 million tonnes in 2007.

Provimi already has a strong presence in Latin America with two other companies, Nutron in Brazil and Alimental in Argentina, as well as Bonimex trade offices in Chile and Costa Rica. Nutron and Alimental produce animal nutrition products for poultry, swine and ruminants, specialties and pet food. Provimi's total sales in Latin America amounted to EUR 125 million in 2007.

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