Connect with us

Headlines

ADM Animal Nutrition Grows with $1.77B Acquisition

It bought Neovia, a French company focused on animal nutrition.

mm

Published

on

CHICAGO — Archer Daniels Midland Co. announced that it has completed its €1.544 billion (US $1.77 billion) acquisition of Neovia, a French company focused on animal nutrition.

“The addition of Neovia represents a major milestone in the execution of our strategic plan to become a global leader in nutrition,” said ADM Chairman and CEO Juan Luciano. “This acquisition — our largest since we added WILD Flavors in 2014 — instantly creates a premier global leader in animal nutrition, while simultaneously providing a strong platform for future growth. It meets our returns objectives, expands our geographic reach, and helps us continue to expand our portfolio and better serve our customers.”

ADM’s acquisition of WILD Flavors in 2014 kicked off the most extensive portfolio transformation in the company’s 115-year history, significantly expanding its human and animal nutrition capabilities. In the animal health and nutrition space, the company has made a series of expansions and investments in recent years, including:

  • Building and renovating three specialty animal nutrition plants in China and four plants in the U.S.
  • Acquiring pet treat manufacturer Crosswind Industries.
  • Expanding pet food ingredient manufacturing capabilities in North America.
  • Investing in state-of-the-art value added complete feed manufacturing facilities in North America.
  • Entering into a partnership with China-based Qingdao Vland Biotech Group and building a research lab in California to develop and commercialize animal feed enzymes.
  • Purchasing Protexin, a provider of probiotic supplements for human wellness as well as a variety of animal markets, including aquaculture, equine, livestock and companion animals.

Now, with the addition of Neovia, ADM Animal Nutrition spans the globe, offering premixes, complete feed, ingredients, pet care solutions, aquaculture, additives and amino acids.

“The acquisition of Neovia marks an important new chapter for ADM Animal Nutrition,” said Pierre Duprat, president, ADM Animal Nutrition. “I have been fortunate enough to meet with talented colleagues from Neovia over the last six months, and I am excited about the global platform this combination of our existing capabilities and Neovia has created to serve our customers and accelerate our growth. Combining our resources, expertise, innovation and research-driven technologies creates something very special: the premier global provider of animal nutrition ingredients and solutions, best-in-class customer service and leading R&D capabilities for our animal nutrition customers across the globe and creating value for our shareholders.”

Advertisement

Since launching in 2017, PETS+ has won 14 major international journalism awards for its publication and website. Contact PETS+'s editors at editor@petsplusmag.com.

Advertisement

FEATURED VIDEO

PETS+ Wellness Summit

Let the PETS+ Wellness Summit Boost Your Wellness Business

This October, PETS+ is hosting its first-ever education and buying summit, with a laser focus on one of the most exciting, fastest-growing areas of the pet business — wellness. The PETS+ Wellness Summit will be held Oct. 1-2 in Rosemont, IL, just outside Chicago and minutes away from O'Hare International Airport. Watch the video to see how you'll boost your wellness business at the event.

FREE REGISTRATION! Sign up for the Summit today at petsplusmag.com/register

Promoted Headlines

Headlines

Another State Targets Bogus Service Animal Claims

States that have already cracked down include Arizona and Alabama.

mm

Published

on

Proposed legislation in Massachusetts targets people who falsely claim their pet is a service dog in order to get special treatment.

State Rep. Kimberly Ferguson says some people are using the ploy so they can bring their dog into restaurants and other places where they normally aren’t allowed, the Boston Herald reports.

Breaking the proposed law would be a civil infraction. Penalties would include a fine up to $500 and a community service sentence of up to 30 hours.

The bill was recently heard by the judicial committee, the Herald reports.

Other states that have cracked down on fake service animals include Arizona and Alabama.

Read more at the Boston Herald

Continue Reading

Headlines

Some Cities Are Dropping Pet Licensing Requirements ⁠— Here’s Why

License tags may be becoming obsolete.

mm

Published

on

Cary, NC, just dropped its licensing requirements for dogs and cats as more people get their pets microchipped.

Compliance with the requirements was low — officials estimate that only 5 percent of the pets that animal control had contact with each year were licensed, the News & Observer reports. By contrast, 75 were microchipped.

And the licensing program was costing more money than it brought in. About 900 license tags were issued each year, generating $10,000 in revenue.

Rabies tags are still required by state law.

Cary is just one of several communities in the Triangle region of North Carolina that have discontinued such requirements, the News & Observer reports.

Advertisement

Raleigh dropped the requirements seven years ago, and Durham County did the same in 2013. Wake County also does not require licensing.

A number of other communities across the U.S. have also dropped their requirements, including Richland, WA, in June.

Read more at the News & Observer

Continue Reading

Headlines

$34M Factory Will Produce Dry Dog and Cat Food

It’s expected to open in early 2021.

mm

Published

on

DRUMMONDVILLE, QUEBEC — The Groupe Inovo, a family poultry business, and Groupe Legault, a family business that owns Mondou pet store chain, are planning a C$45 million (US$34 million) manufacturing plant.

The facility, to be called Jupiter, will be located in Drummondville and will manufacture dry dog and cat food, according to a press release. It will create about 50 jobs over the next five years.

The plant will be located on Route 139 in the Drummondville Industrial Park, near highways 55 and 20 as well as the U.S. border.

The site was chosen “to allow the plant to be more agile in its exports to the United States,” according to the release.

Construction began in July and will take approximately 18 months to complete, with an expected opening in early 2021.

The project will be supported financially by Canada Economic Development for Quebec Regions, Investissement Québec and Desjardins, in addition to Groupe Inovo and Groupe Legault.

Continue Reading

Most Popular