Significant sales increase for Provimi
Dutch animal nutrition company Provimi showed consolidated results in 2006. Sales increased by 15% to €1.823,2 million.
Progress in volume and sales was broadly based, with a strong increase in North America, European pet food and the emerging markets.
Profit from operations before other income and expenses improved by 17.3% to €112.4 million (2005: €95.8 million).
Higher margin products
Strong growth in higher margin products such as premix, specialties and pet food, contributed to this result.
The company further expanded its pemix, specialties and pet food activities with the acquisitions of Vita (Canada), Virtus Nutrition and Nutrius (California, USA) and private label Pet Food Assets (France).
Acquisition
The European Commission cleared Nutrilux”s proposed acquisition of animal nutrition solutions company Provimi.
Nutrilux, which is backed by Permira Advisers, is seeking 74.05% of the share capital of Provimi at a price of €30 per share.
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