On Dec. 22 ADM announced the acquisition of Invivo Sanpo, Tianjin, China-based pet nutrition company. Since Invivo Sanpo was founded as a joint venture in 2017, ADM is full owner of the company now.
“Annual global sales of pet food total $110 billion [USD] currently, forecast to grow to $140 billion by 2026 [according to 2021 Euromonitor projections],” said Jorge Martinez, president of ADM Pet Solutions. “The industry in China and Asia Pacific especially, have seen rapid growth and development in recent years. Assuming full ownership of Invivo Sanpo will not only allow us to introduce some of our more premium pet nutrition brands in China to better serve a wider range of customer segments but also allow us to leverage on our ADM innovation capabilities bringing innovative solutions to our customers.”
Looking back at the last five years, ADM made different acquisitions regarding the pet food industry. To name some oft hem, ADM acquired Crosswinds in 2017, in 2019 Neovia for $1.77 billion. In September, the company bought a majority stake in P4 Companies that owns PetDine, Pedigree Ovens, The Pound Bakery and NutraDine.