French petfood 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 Communauté d’Agglomération 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.
The company builds on its boutique business with three new lines for pet stores, including baked dog food and treats
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Public meetings invited comments and provided updates
It gives more direct control to CVM in establishing and maintaining ingredient definitions
The mid-year meeting addressed several regulatory matters affecting petfoods
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Now is the time for packagers, producers, marketers and manufacturers to capitalize on the traveling with pets trend
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