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Agribusiness conglomerate Cargill plans to buy animal nutrition company Provimi in $2.16B deal
MINNEAPOLIS (AP) ' Agribusiness conglomerate Cargill is buying animal nutrition company Provimi for $2.16 billion to strengthen and expand existing operations.
The privately held Cargill, which is engaged in a broad array of agricultural industries, from meat production to grain trading, said Monday that the deal includes Provimi's global animal nutrition business, which has operations in 26 countries.
Cargill Inc. is buying Provimi from private equity firm Permira. It said Provimi has agreed to begin labor talks and will seek regulatory approval.
Cargill, based in Minneapolis, currently has animal feed operations in 26 countries.