Provimi Strengthens Its Position in Latin America
COLOMBIA - The Provimi Group has signed agreements for the acquisition of Biovet, a leading premix producer in the growing and profitable market of Colombia. With this acquisition, Provimi further strengthens its position in Latin America.
3 September 2008
2 minute read
Biovet is the leading independent premix producer in the country, in particular for poultry. The company employs around 80 people. It is located in Bogota with a good nationwide distribution network. The company is also well located for both the import and export of animal nutrition products from and to neighbouring Latin American countries.
Colombia is a key country within the region in terms of its animal nutrition market and growth opportunities. The country showed a high growth in gross domestic product (GDP) over recent years, leading to increased meat consumption. As a result, the feed production grew to over 5 million tonnes in 2007.
Provimi is already present in Latin America with Nutron in Brazil and Alimental in Argentina, as well as Bonimex trade offices in Chile and Costa Rica.
