Cargill sells French Zootech business to Bimeda
Cargill has sold its Provimi business’s Zootech brand and French veterinary sales division to Bimeda, a manufacturer and distributor of veterinary pharmaceuticals and animal health products.
The terms of the agreement were not disclosed. The transaction closed December 20, 2013, with the transfer effective January 1, 2014.
The two firms have agreed that Cargill's Provimi business will continue to manufacture ruminant bolus products for Bimeda, activities that are core to Cargill's animal nutrition business in France.
"By exiting this non-core business we are able to better position our business in France to capitalize on growth opportunities in the animal nutrition industry," said Mark Poeschl, vice president and group director for Cargill's Provimi business. "In addition, Bimeda offers better opportunities for Zootech employees because it is better aligned with Bimeda's core business activities."
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