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.
Related Articles
Nestle plans US$48 million wet petfood production investment
Petco to be acquired in US$4.6 billion deal
Popular Stories
Digital Edition
Feature
This country is straddling the line between developing and developed as more of its citizens see the value in pet ownership.
READ MORE in Petfood Industry magazine
Feature
The CBD trend does not appear to be waning any time soon, even though its existence continues to sit in murky legal waters.