August 16, 2011

Cargill makes a move for Provimi

Cargill made an offer for the Dutch feed based company Provimi, the offer US$2.14 billion (€1.5 billion) which has been accepted. Both Cargill and Provimi have said that their companies are complementary to each other. Cargill beat off other rivals such as New Hope Group from China and DSM as well as Nutreco.

Ton van der Laan, Provimi’s CEO, said “With Cargill's global presence and committed focus on animal nutrition, we can take Provimi to the next stage of its development. Cargill can offer many opportunities and recognises the talent within Provimi,”. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers

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