Provimi was founded near Rotterdam in The Netherlands in 1927, where it started up as a trading company for Dutch farmers. In the thirties it started selling a product under the acronym Provimi, a mixture of 3 basic elements in every animal feed and this is where the present name is derived from: Proteins, Vitamins and Minerals.
In November 2011, Cargill acquired Provimi. The merger brought together the complementary animal nutrition expertise and operations of Cargill and Provimi. Cargill’s expertise in compound feed, supply chain and risk management will come together with Provimi’s wide range of nutritional expertise, technology and portfolio of premix, additives and specialties such as piglet feeds, milk replacers and ingredients. This increased range of capabilities, delivered by more than 16,000 employees across a global network spanning 37 countries will offer distinctive value to serve customers’ needs worldwide.
The following timeline provides a history of key activities:
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In 1971, the American agricultural company Central Soya bought Provimi. It was listed on the New York stock exchange. Non-core activities were subsequently divested and the Group focused entirely on animal feed in the following period.
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In 1988, Central Soya, including Provimi, was taken over by Eridania Béghin-Say, a large French agri-business conglomerate listed on the Paris stock exchange. In the years to follow, Provimi went through a period of internal and worldwide external expansion.
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In 2001, the Eridania Béghin-Say Group was demerged into four companies, one of which was Provimi.
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In 2002, Provimlux, a holding company jointly controlled by funds advised by CVC Capital Partners and by PAI Management acquired the 53.66% majority shareholding of Provimi. After the subsequent execution of a standing offer, Provimlux held 74.05% of Provimi, which remained listed on Euronext Paris.
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In November 2011, Cargill acquired Provimi to create a leading global animal nutrition business with the ability to offer the broadest array of products, services and capabilities.