Paris, le 2 juillet 2018 – Avec ce projet, InVivo franchit une nouvelle étape de son plan stratégique en mobilisant ses efforts sur ses moteurs de croissance : l’agriculture, le vin et le retail.
La cession de Neovia, filiale du groupe InVivo qui réalise 80 % de ses activités à l’international, va permettre d’accélérer le plan stratégique 2025 by InVivo tout en contribuant à la naissance d’un leader mondial de la nutrition animale.
InVivo a conclu un accord de négociation exclusive avec Archer Daniels Midland Company (NYSE : ADM), pour le projet de cession de ses parts (67,5 %) dans Neovia.
ADM a fait une offre ferme pour l’acquisition de 100 % de Neovia, valorisant la société à 1,535 milliard d’euros. La transaction, dont la clôture est attendue pour la fin de l’année, concerne également les parts minoritaires détenues par Eurazeo, Unigrains, Future French Champions et IDIA Capital Investissement.
Elle est soumise à la réalisation de conditions suspensives et l’obtention des autorisations réglementaires nécessaires.
Juan Luciano, président-directeur général d’ADM, a déclaré : « Le rachat de Neovia, une entreprise d’envergure mondiale, marquerait un investissement majeur en France et une étape décisive de la transformation de notre branche nutrition animale. Chez ADM, l’agriculteur est à la base de tout et nous nous réjouissons d’approfondir nos relations avec le monde agricole français en réunissant les ressources, les technologies et l’expertise de nos deux entreprises. Cette opération s’inscrit dans notre vision stratégique, qui voit en Neovia un partenaire à long terme. »
Thierry Blandinières, directeur général d’InVivo se réjouit « qu’ADM s’engage à poursuivre les partenariats avec les coopératives françaises, en faisant bénéficier Neovia de ses technologies les plus récentes, ce qui profitera également à la Ferme France. »
Pour InVivo, cette opération représente l’opportunité d’accélérer sensiblement son plan stratégique 2025 en mobilisant ses efforts sur ses activités majeures : l’agriculture, le vin et le retail, et en leur donnant les moyens de croître et de créer de la valeur.
« Cette opération va nous permettre d’opérer une manœuvre de pivot sur nos métiers fondamentaux et d’accélérer notre transformation digitale, notamment pour nos activités de trading international et de centrale d’achats d’intrants, pour nos adhérents coopérateurs. En même temps nous augmenterons les investissements dans nos filiales Bioline by InVivo, InVivo Retail, InVivo Wine et InVivo Food & Tech pour faire émerger de nouveaux champions français, présents en France et à l’international. » déclare Thierry Blandinières.
« Le groupe InVivo veut relever le défi de la transformation du monde agricole, en devenant une référence mondiale dans les solutions innovantes et numériques. Ainsi il participera à l’amélioration de la compétitivité, de la sécurité et de la qualité des productions, tout en préservant la planète. » ajoute Philippe Mangin, président d’InVivo.
A propos d’InVivo
Premier groupe coopératif agricole français, le groupe InVivo réunit 206 coopératives, qui rassemblent près de 300 000 agriculteurs ; il emploie 10 200 collaborateurs dans 34 pays.
InVivo réunit cinq pôles d’activités : Bioline by InVivo (agriculture), Neovia (nutrition animale), InVivo Retail (distribution grand public), InVivo Wine et InVivo Food&Tech (incubateur d’innovations).
Son chiffre d’affaires 2016-2017 s’élève à 5,5 milliards d’euros.
Communiqué de Presse – ADM
ADM Announces Proposed Acquisition of Neovia, Establishing a Premier Global Leader in Value-Added Animal Nutrition Solutions
€1.535 billion addition marks another major milestone in the execution of ADM’s strategic plan and portfolio transformation Addition of Neovia, a France-headquartered global provider of value-added animal nutrition solutions, offers geographic expansion on three continents as well as state-of-the-art innovation capabilities and a diversified product portfolio
CHICAGO–(BUSINESS WIRE)– Archer Daniels Midland Company (NYSE: ADM) announced today that it has agreed to terms granting exclusivity in discussions to purchase Neovia, a global provider of value-added animal nutrition solutions, with 72 production facilities and a presence in 25 countries, headquartered in Saint-Nolff, Britanny, France. The 100 percent cash deal has an approximate enterprise value of €1.535 billion, subject to customary adjustments.
“The acquisition of global leader Neovia would represent a transformative step for our Animal Nutrition business, and a major strategic investment in France,” said ADM Chairman and CEO Juan Luciano. “At ADM, everything starts with the farmer, and we are eager to deepen our relationships with French farmers and French agriculture as we bring together the resources, technologies and expertise of two great companies. We look forward to working with them to leverage their global presence, integrated value chain and world-class innovation to reach new markets and new customers together.
“The acquisition of Neovia would be a major step as we continue to execute the value creation strategy we first outlined in 2014,” Luciano continued. “Neovia is a major global provider of animal nutrition solutions, with significant operations in Western Europe, South and Central America, and Southeast Asia. Combining Neovia’s global presence and product and innovation expertise with our own growing Animal Nutrition footprint and capabilities would create one of the world’s leading animal nutrition providers, capable of offering complete solutions for customers around the globe—and would be the ideal platform for future growth.”
Founded in France in 1954, Neovia manufactures and sells a wide range of nutrition solutions for the feed industry, operating in business lines including premix and value-added services, pet care, additives and ingredients, aquaculture and complete feed. The company, which is currently majority owned by leading French agricultural cooperative group InVivo, has about 8,200 employees. It has extensive innovation capabilities, with 11 R&D centers in six countries. It had global sales of €1.7bn in 2017, and, with very limited presence in the United States and more than 75 percent of its sales coming from outside Western Europe, the company’s footprint complements ADM’s.
“This transaction is a great opportunity for both Neovia and ADM to establish what will be a global leader in animal nutrition solutions. ADM will pursue partnerships with French cooperatives and reinforce its relationships with the French agricultural world. At the same time and in line with our strategy ‘2025 by InVivo’, the sale of Neovia will enable us to accelerate our transformation by favoring investments in our growth levers: agriculture, agribusiness & wine, and retail & digital, in France and abroad,” declared Thierry Blandinières, CEO of InVivo.
“This is an important addition, not only for our animal nutrition business, but for our entire integrated Nutrition platform,” said Vince Macciocchi, ADM’s senior vice president and president, Nutrition. “In recent years, health and wellness trends in human nutrition—such as clean-label, natural ingredients, and innovative solutions—are being echoed in animal nutrition. With Neovia, we will have global capabilities that span human and animal nutrition, expanding our reach and enhancing internal efficiencies. From colors and flavors to enzymes and bioactives, our new integrated nutrition platform will offer an unparalleled array of ingredients and solutions to meet customer needs.”
Over the last four years, ADM has undertaken the most extensive portfolio transformation in its 115-year history, moving closer to end customers by adding capabilities in specialty and value-added products and services. In its Animal Nutrition business, ADM has added premix and aquaculture capabilities in Asia; built new, modern facilities in North America; and moved into pet treats in 2017. Earlier this year, ADM combined its human and animal nutrition businesses into a single business unit that offers complete nutrition solutions.
Under French law, the signing of an acquisition agreement is contingent upon informing and consulting with relevant employee representative bodies. Subject to that process and regulatory approvals, the acquisition is expected to close by the fourth quarter.
Lazard is acting as financial adviser to ADM. Baker McKenzie is acting as legal advisor.
Investor Call
ADM will host a conference call and audio webcast today, July 2, at 8:00 a.m. U.S. Central time. A slide presentation will be available to download prior to the call. To listen to the call or to download the slide presentation, go to www.adm.com/webcast.
Replay of the call will be available for an extended period of time at www.adm.com/webcast.
Forward-Looking Statements
Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.
About Neovia
Neovia is a leading international player in animal nutrition. It has several complementary business lines, including: premixes and value-added services, including premium and super-premium pet food; animal feed additives; nutritional and farming solutions for aquaculture; complete food for livestock and horses; and analysis and field support. The company is headquartered in Saint-Nolff, France, and employs around 8,200 people across 25 countries.
About ADM
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 31,000 employees serving customers in more than 170 countries. With a global value chain that includes approximately 500 crop procurement locations, 270 ingredient manufacturing facilities, 44 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.
