March 23, 2007

Provimi posts 15 percent sales increase in 2006
 

Dutch feed firm Provimi Group has registered a 15 percent increase in its sales in by 1.82 million euro in 2006 due to a strong market performance in North America as well as its European pet food market.

Profit from operations before other income and expenses improved by 17.3 percent to 112.4 million euro as against 95.8 million euro in 2005 from the growing sales of its premixes, specialties and pet food.

Provimi further expanded its Premix, Specialties and Pet food activities with the acquisitions of Vita (Canada), Virtus Nutrition and Nutrius (California, USA) and private label Pet food assets (France).

Provimi has over 100 plants in 30 countries with an almost 9,000-workforce. As from today, Provimi is bought by Nutrilux, which is backed by Permira Advisers LLP. It is seeking 74.05 percent of the share capital of Provimi at a price of 30 euro per share. The deal was examined under the EU's "simplified" merger review procedure for cases which the commission believes do not pose competition concerns.