ADM buys Neovia

Archer Daniels Midland Company has bought Neovia for €1.544 billion, creating a global leader in value- added products and solutions for both production and companion animals.

ADM chairman and CEO Juan Luciano said the deal was the company’s largest since ADM acquired WILD Flavors in 2014, which kicked off the most extensive portfolio transformation in the company’s 115-year history.

The company has made a series of expansions and investments in recent years, including new operations in China and the US, the acquisition of pet treat manufacturer Crosswind Industries, a partnership with China-based Qingdao Vland Biotech Group, and building a cutting-edge research lab in California to develop and commercialize animal feed enzymes.

With the addition of Neovia, ADM Animal Nutrition spans the globe, offering premixes, complete feed, ingredients, pet care solutions, aquaculture, additives and amino acids.