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The American giant Archer Daniels Midland (ADM) is in negotiations for the acquisition of Neovia in a company that would be about 1750 million dollars. This was reported by Reuters in what would be part of the grain strategy to grow in the growing animal nutrition sector.
Based in Chicago, ADM expressed in March that it was changing its areas of activity. to four new units that included carbohydrate, nutrition, oilseed and origin solutions (to differentiate its offer to customers).
This diversification fits into a context of excess of global supply of raw materials that shrinks margins in the purchase, processing and sale of soybeans, corn and wheat. "We were pleased with our animal feed activities, but too local," said Pierre-Christophe Duprat, president of ADM for Europe, the Middle East and Africa, adding that "if we wanted to grow, we needed a more comprehensive approach." For its part, it is mainly held by the French group InVivo, while the investment conglomerate Eurazeo holds a 17% stake. The acquisition would be the second-largest cereal to date, after the company's purchase of natural food ingredients Wild Flavors for US $ 3 billion in 2014.
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Founded in France in 1954, Neovia produces and markets a series of nutritional ingredients for animal feed producers. Its activities include premixes and high added value services, animal care, aquaculture, additives and animal feed. He is very active in Europe, South-East Asia, Central America and South America, but his activity is limited in North America, according to Reuters
. According to Duprat, ADM-Neovia, which would have joint sales of nearly 3,500 million dollars a year.
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