InVivo News
InVivo and Evialis Plan to Merge all of Their Feed, Premix & Health Activities
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Following a thorough review of their economical and competitive environment and of their respective organisations, both groups have reached the conclusion that merging their businesses would be the most pertinent option.
Leading parameters of their analysis are well known : - The market grows, but in a very uneven way throughout the world ; - France, particularly, and Europe more generally, are facing stagnation when Asia, Latin America and Eastern Europe are booming ; - Animal farming is under mounting regulatory pressure which, in turn, applies to the Feed industry and pushes costs up ; - Society expectations (quality, traceability, animal welfare, GMO...) are rising fast, specially in Europe ; - Financial performance is, more than ever, a key factor. From that stand point, critical mass is a must ; - R & D stands as a critical asset for differentiation and progress. The potential merger would bring long-lasting answers to these challenges : - Size and critical mass ; - R & D and scientific capability ; - Internationalisation towards fast-growing countries ; - Stock Exchange and access to financial resources.
The newly formed Group should have a new identity. It should weight EUR 1,5 Billion, out of which 40% outside of
It would employ 5 000 persons and manage one of the most important R & D budget of the industry.
It would rank among the very first operators worldwide, with significantly enhanced potential for profitability and financial structure, thanks to synergy effects, the wealth of products and competences InVivo brings to the table, and the overall size impact.
Regulatory consultations with the employee representatives will start early fall.
*InVivo is an Union of Cooperatives, operating in the seed, agrobusiness and feed industries as well as in grain storage and trading business and in specialised home garden distribution.
Its turnover in FY07 reached 3,6 Mds EUR, up 28 % against the preceding year.
** Evialis, international animal health and nutrition specialist, is quoted on the Eurolist index of Euronext, section C at the Paris Stock Exchange. The Evialis Group provides livestock farmers and feed producers with a range of animal health and nutrition products, operating in three areas:
- Compound feed for livestock and pets, - Premix and specialized products and expert advice to industrial food producers and home-mixers, - Animal health dietary and hygiene products.
With an industrial presence in 16 countries with 64 plants over the world, Evialis sells its products and services in 50 different countries.
Its turnover in FY07 reached 760 MEUR, up 19,1 % against the previous year.
Contact : InVivo: Pierre Pinault - ppinault@invivo-group.com +33(0)1-40-66-28-36 Evialis: Luc Péligry - comfi@evialis.net +33(0)2-97-48-54-06 FD: Florence de Montmarin - florence.demontmarin@fd.com +33(0)1-47-03-68-63
SOURCE InVivo
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