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Article: Provimi sells fish feed unit.(Business)(BioMar Group acquires Provimi Group)
- Article from:
- Feedstuffs
- Article date:
- November 12, 2007
- Author:
CopyrightCOPYRIGHT 2007 Miller Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE Provimi Group, a world leader in the animal nutrition business, announced Nov. 6 that it has reached agreements to sell the majority of its fish feed activities to the BioMar Group of Aarhus, Denmark.
This transaction will allow Provimi to better focus on its core animal nutrition and pet food businesses, investing in research and development while supporting a process of expansion into emerging markets.
The agreements reached with BioMar concern Provimi's fish feed activities in Chile, Denmark and Spain, which represent about 90% of the group's fish feed business, or close to 10% of the group's annual consolidated sales.
The divestment in ...