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.
Related website:
Provimi
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