Nutreco, DSM confirm interest in Provimi
Dutch fish-feed giant Nutreco and Dutch vitamin maker Royal DSM on Wednesday confirmed speculation that they’re jointly exploring the possibility of acquiring the Provimi Group, a French animal-feed producer that’s valued at as much as EUR 2 billion.
Nutreco and DSM acknowledged “recent media speculation regarding a possible acquisition of Provimi. Nutreco and DSM confirm that for this purpose they have decided to jointly explore the possibility to acquire Provimi, should this opportunity arise. A further statement will only be made if and when appropriate.”
Dutch daily Het Financieele Dagblad on Wednesday reported that Nutreco and DSM were looking at purchasing Provimi and carving up the company if successful.
A source then told Reuters that offers for Provimi are due by 10 August.
On Tuesday, Provimi reported that its first-half revenues were up 11.5 percent to EUR 871 million and that its EBITDA was up 20.3 percent to EUR 86 million. In 2007, the company, which describes itself as “a world leader” in animal nutrition, sold the majority of its fish-feed operations in Chile, Denmark and Spain to BioMar to focus on its core animal-nutrition and pet-food businesses.