07/01/14: Cargill sells its Zootech business in France to Bimeda

News courtesy of food processing company Cargill 

Cargill recently announced it has sold its Provimi business’s Zootech® brand and French veterinary sales division to Bimeda®, a leading manufacturer and distributor of veterinary pharmaceuticals and animal health products. 

The terms of the agreement were not disclosed. The transaction closed on 20 December 2013, with the transfer effective on 1 January 2014.

The sale of the French division is consistent with Cargill Animal Nutrition’s strategy of sharpening its focus on its core animal nutrition solutions and premix activities and concentrating on product lines where it can bring the most value to customers.

The two firms have agreed that Cargill’s Provimi business will continue to manufacture ruminant bolus products for Bimeda, activities that are core to Cargill’s animal nutrition business in France.

“By exiting this non-core business we are able to better position our business in France to capitalize on growth opportunities in the animal nutrition industry,” said Mark Poeschl, vice president and group director for Cargill’s Provimi business.

“In addition, Bimeda offers better opportunities for Zootech employees because it is better aligned with Bimeda’s core business activities.”

Visit Cargill's website here.

Veterinary symbol (Photo credit: Wikipedia)