InVivo NSA has been experiencing strong growth in the Philippines for many years and this week announced the acquisition of a key player in aquafeed, animal feed and pet food production: Popular Feedmill Corporation.
This acquisition realizes InVivo NSA\'s desire to develop its industrial presence and investments in South-East Asia where it already holds strong positions in several countries: Vietnam, Indonesia, China, India, Cambodia, Myanmar, and Thailand.
Popular Feedmill Corporation built its first factory in 1995 and currently employs about 500 people. The company has two production sites including a recently opened site in Bulacan near Manila and another in Cebu. The company produces approximately 150,000 tonnes of pig, poultry, aquaculture, and pet feed per year. InVivo NSA has strong expertise in the latter in Mexico and Brazil and possible synergies between the three countries are being explored.
The Philippines has a population of over 100 million people which is expected to grow by 57% by 2050. This makes it the tenth most populated country in the world. The country already has a high need for a diverse and top quality supply of animal proteins. Through this acquisition, InVivo NSA will have the industrial, technical, and commercial means to provide a product and service offering adapted to market stakes: complete feed, aquaculture, pet food and subsequently premix, additives and specialities, analysis laboratories, and animal health.
The move qill provide the Philippine market with the expertise and synergies of an international group: InVivo NSA is a world leader in animal nutrition and health, and a key player in South-East Asia. This global positioning will allow Popular Feedmill Corporation to rely on countries close to the company in the area (China, Vietnam, and Indonesia) and benefit from key synergies serving its growth. The company\'s cross-cutting skills and expertise worldwide (innovation, procurement of raw materials, formulation, technical support, and marketing) will also allow it to optimize functioning and operations.
\"The acquisition of Popular Feedmill Corporation confirms our willingness to develop on the rapidly growing markets of South-East Asia. It will also allow us to diversify and strengthen our revenue sources in the area, to continue to build an even more efficient and resilient corporate business model\", Hubert de Roquefeuil, CEO of InVivo NSA said.
Who isInVivo NSA?
InVivo Animal Nutrition and Health achieves a turnover of 1.5 billion Euros and has five core businesses: complete feed, firm-services/premix, speciality additives, analysis laboratories, and animal health. It
employs 7,500 people on 76 production sites in 28 countries.