ADM acquires 100% of Chinese pet nutrition company
SINGAPORE and SHANGHAI – ADM announced on December 22 that it has completed the acquisition of Invivo Sanpo, a pet nutrition company based in Tianjin, China. Invivo Sanpo was established in 2017 as a joint venture between ADM and Tianjin Jinkangbao. ADM has bought the remaining 40% of Invivo Sanpo’s stake, giving it full ownership of the company.
“Annual global pet food sales total $ 110 billion [USD] currently, is expected to reach $ 140 billion by 2026 [according to 2021 Euromonitor projections]”Said Jorge Martinez, president of ADM Pet Solutions. “The industry in China and Asia-Pacific in particular has experienced rapid growth and development in recent years. Taking full ownership of Invivo Sanpo will not only allow us to introduce some of our most premium pet nutrition brands in China to better serve a wider range of customer segments, but will also allow us to leverage our ADM innovation capabilities by providing innovative solutions to our customers. “
Over the past five years, ADM has made several acquisitions in the animal nutrition field, starting with the purchase of Crosswinds in 2017. In 2019, the company acquired Neovia for $ 1.77 billion, and in September 2021, it acquired a controlling stake in P4 Companies, which owns four main co-manufacturers of pet food and treats: PetDine, Pedigree Ovens, The Pound Bakery and NutraDine.
ADM has also invested in animal nutrition research through its Animal Nutrition Technology Center, opened on December 5, 2019, and a livestock feed facility that opened on April 3, 2019.
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