Pet Food News
French petfood companies to merge in US$23.4 million investment deal
Continentale Nutrition, Villeneuve Petfood to employ 922 employees after merger
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.
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Read the October issue of Petfood Industry!
October 2021
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While dogs and cats continue to reign supreme, the growth of the “other” pet space can’t be denied: 9.9 million homes own a bird, 6.2 million homes have a small pet (usually small mammals) and 5.7 million homes own a reptile.
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Pet owners with birds, small mammals and other types of non-dog/cat animals are demanding the best for their feathered, furry or scaly friends.