November 11, 2010
Provimi completes acquisition of Nassa
The Provimi Group has successfully completed the acquisition of Nassa, a major swine and shrimp feed producer in Mexico.
The new managing director of Provimi, Mariano Berdegué, would be in charge of Nassa''s integration into Provimi and achieve the company''s growth potential in this region.
Berdegué joins Provimi from Monsanto, where he used to be the general manager for the Andean, Central America and Caribbean region, based in Colombia.
Ton van der Laan, Group chief executive of Provimi, said, "The acquisition of Nassa provides an important entry into Mexico, a market where we see great opportunities ahead."
Provimi announced an agreement to acquire Nassa last month. The completion of the acquisition follows approval by the Mexican anti-trust authorities, the Comisión Federal de Competencia.
Provimi enhances its presence in its Latin American cluster with this acquisition. The group already has a strong presence with three other organisations; Nutron in Brazil, Alimental in Argentina, and Provimi SA in Colombia.
These organisations produce animal nutrition products for poultry, swine and ruminants, specialties, and pet food.
Provimi plans to invest in Nassa to enhance its growth by developing and expanding its business in new aspects. It sees growth potential in the poultry and ruminant sector, as well as in expanding its offering to the large swine farmers in the region.
Provimi Latin America profit increased by three times in the last three years and now accounts for 30% of the Group''s operating income.
The Group''s tactic in Latin America is to be the first choice for clients who want to enhance their profitability in a sustainable way.
Provimi aims to be the best and biggest animal nutrition company of Latin America in two years'' time.