MINNEAPOLIS: The Provimi brand will retain its name following Monday's announcement that Cargill will acquire the global animal nutrition business from private equity firm Permira for $2.1 billion.
The pending acquisition will combine Provimi's broad nutrition expertise with Cargill's knowledge of compound feed, supply chain, and risk management, said Mike Fernandez, VP of corporate affairs at Cargill. Provimi was founded in 1927 in The Netherlands.
"Cargill and Provimi have complementary market positions and strengths," he added. "Bringing together the talents and expertise ...