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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.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.
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