Cargill completes acquisition of Provimi
Cargill has completed the acquisition of Provimi, a global animal nutrition company for an enterprise value of Euro 1.5 billion ($2.1 billion US).
The merger will bring together the complementary animal nutrition expertise and operations of the two companies. 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.
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.
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