News courtesy of food processing company Cargill
Cargill recently announced it has sold its Provimi business’s Zootech® brand and French veterinary sales division to Bimeda®, a leading manufacturer and distributor of veterinary pharmaceuticals and animal health products.
The terms of the agreement were not disclosed. The transaction closed on 20 December 2013, with the transfer effective on 1 January 2014.
The
sale of the French division is consistent with Cargill Animal
Nutrition’s strategy of sharpening its focus on its core animal
nutrition solutions and premix activities and concentrating on product
lines where it can bring the most value to customers.
The
two firms have agreed that Cargill’s Provimi business will continue to
manufacture ruminant bolus products for Bimeda, activities that are core
to Cargill’s animal nutrition business in France.
“By
exiting this non-core business we are able to better position our
business in France to capitalize on growth opportunities in the animal
nutrition industry,” said Mark Poeschl, vice president and group
director for Cargill’s Provimi business.
“In
addition, Bimeda offers better opportunities for Zootech employees
because it is better aligned with Bimeda’s core business activities.”
Visit Cargill's website here.
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| Veterinary symbol (Photo credit: Wikipedia) |
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