This acquisition will give Cargill market-leading participation in the $20 billion global animal feed additives market, as well as world-class technical, regulatory and R&D capabilities and go-to-market strength in approximately 70 countries worldwide
Cargill has announced that it has signed a binding agreement to acquire Diamond V, a leading global provider of innovative natural solutions and technologies that improve animal health, animal performance, and food safety.
This acquisition will give Cargill market-leading participation in the $20 billion global animal feed additives market, as well as world-class technical, regulatory and R&D capabilities and go-to-market strength in approximately 70 countries worldwide.
David MacLennan, Cargill’s chairman and chief executive officer said, “This acquisition strengthens Cargill’s and Diamond V’s shared vision to be a leader in creating new solutions for evolving consumer preferences for sustainable and wholesome food production.”
“Our combined businesses will accelerate growth, build industry-leading capabilities and natural solutions for animal health and food safety, and help fulfill Cargill’s purpose to nourish the world in a safe, responsible and sustainable way”, he added.
The purchase will encompass all of Diamond V’s business, including the human health business, Embria Health Sciences, and its branded product EpiCor®.
Jeff Cannon, Diamond V president and CEO said, “I am excited about what Diamond V and Cargill can accomplish together. This acquisition is an investment in the well-being of animals — and ultimately, in people.”
This investment will enable Cargill’s animal nutrition business to better serve customers who are increasingly turning to unique natural technologies to unlock the potential in feed to promote healthier animals, improve performance and to help them produce safer more wholesome food.
Chuck Warta, president of Cargill’s premix and nutrition business said, “Diamond V is a tremendous company with deep scientific expertise and a highly respected global brand. Adding Diamond V’s leading talent and technology as well as its applications for sustainable protein production, will enable us to deliver improved profitability and performance for our customers. Together, Cargill and Diamond V will accelerate the pace of innovation and drive strategic, long-term growth.”
Cargill has deep nutritional expertise built over decades and delivered through its animal nutrition business. Diamond V will enhance these capabilities through its innovative focus on immune function and digestive health, critical components that will help customers improve the well-being of their animals and the safety of the food supply.
