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 CommunautÃ© d’AgglomÃ©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.