The proposed takeover of Nutrizon will strengthen Neovia's geographical coverage in Brazil as well as its positioning in the aquaculture, pet food and ruminants markets. The proposal is pending approval by the competition authorities.
Nutrizon is a pioneer in animal nutrition in the north region of Brazil, and its takeover will allow Neovia to take position in a developing strategic region; acquire a consolidated company in aquaculture and pet food; and strengthen its export activity (to Peru, Bolivia, Ecuador), thanks to the proximity of its facilities to major regional road and river routes.
Savio Franzner, General Director of Nutrizon, said, "Neovia is a major stakeholder in animal nutrition in Brazil and, more broadly, in Latin America. This merger will help us accelerate Nutrizon's development and provide the company with the benefits of major synergies and the expertise of a global group."
Nutrizon has strong aquaculture expertise with the added knowledge of regional tropical fishes: Tambaqui and Pirarucu. This helps the company strengthen its offer in a context of accelerating demand in South America.
Hubert de Roquefeuil, CEO of Neovia, concluded, "Nutrizon is Neovia's (formerly InVivo NSA) first investment. The fact that this investment is in Brazil is not by chance as it is a key country for our company, which is already the most important player in the national feed open market. Beyond that, this acquisition will allow us to strengthen our footprint in the only area in Brazil where we had limited presence. Last, but not least, this acquisition will give a new dimension to our export activity, which has high growth potential."
