August 1, 2011
Nutreco, DSM mull joint bid for Provimi
Dutch companies Nutreco and DSM are considering a joint bid for French animal feed firm Provimi.
Nutreco and DSM are looking at a joint bid and would carve up Provimiif successful, Dutch daily Het Financieele Dagblad reported.
The animal feed business is highly fragmented, and analysts consider the industry ripe for consolidation. About one third of the industry is in the hands of big international groups, while many family-owned companies are active in local markets.
Nutreco has looked at buying Provimi twice before. DSM's board member responsible for the nutrition operations, Stephan Tanda, said previously that DSM was not interested in all of Provimi, but would be interested in some of Provimi's pre-mix businesses.