Acquisition creates animal nutrition powerhouse
April 3, 2019
By Liza Mayer
Animal feed producer ADM has completed its $1.76 billion (€1.544 billion) acquisition of Neovia.
Neovia has seven business lines: complete feed, aquaculture, pet care, premix/firm services, additives and ingredients, animal health and analysis laboratories. It has 75 production sites and 8,300 employees in 28 countries.
With the addition of Neovia, ADM Animal Nutrition now spans the globe, offering premixes, complete feed, ingredients, pet care solutions, aquaculture, additives and amino acids to our customers, ADM said. It calls this latest acquisition as the largest since 2014. “The addition of Neovia represents a major milestone in the execution of our strategic plan to become a global leader in nutrition,” said ADM Chairman and CEO Juan Luciano.
