Thursday, July 12, 2012

French pet food companies to merge in US$23.4 million investment deal

    French pet food manufacturer Continentale Nutrition confirmed that investment funds AgroInvest and India Invest will invest 19 million euros (US$23.4 million) to acquire a joint stake in the company, merging Villeneuve Petfood with Continentale Nutrition.
    Continentale Nutrition also announced that regional public property company CommunautĂ© d’AgglomĂ©ration du Boulonnais will buy its logistics platform for 10 million euro (US$12.3 million). The merger of Continentale Nutrition and Villeneuve Petfood will mean the companies employ a total of 922 people. 

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