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MALTA CLEYTON to Join Groupe EVIALIS

Published: March 27, 2008
Source : Business Newswire
MALTA CLEYTON, one of the leading animal feed and pet food manufacturers in the Mexican market, and EVIALIS, which rank among the top 20 players in the world in the feed industry, announce the completion of an agreement by which EVIALIS will, eventually, purchase 70 % of the shares of MALTA CLEYTON, pending Mexican governmental agreement.

This agreement meets the long-term goals of both organisations:

• MALTA CLEYTON finds a new strategic shareholder that will bring all of its scientific, technical and commercial know-how to back its fast growing expansion;

• EVIALIS fulfil its strategy of internationalisation by accessing the 4th largest feed market in the world.

“We were dedicated to finding the best option to accompany our development, both internationally and at home, by finding an organization that shares our vision on key issues, R & D, quality and farmer’s and Poultry/Livestock Producers' wealth",  says ANTONIO PEDROZA, MALTA Chairman and CEO. "We believe we found it”.

“We are delighted we have been able to build this partnership with MALTA CLEYTON. It perfectly fits our objectives, as Mexico is a very dynamic market, along with being a powerful regional platform.

"The MALTA teams are bringing to EVIALIS their dedication, dynamism and professionalism”,  says PIERRE LEFEBVRE, Chairman and CEO of EVIALIS.

MALTA CLEYTON is an undisputed leader on the non-integrated market.

With close to 600 KT of products sold, it has a turnover of around 130 M€, employs 700 persons, owns 10 facilities spread throughout the country and has a subsidiary in Brazil.

It carries a full range of products, very similar to EVIALIS.

It has displayed a very impressive growth over the past five years, translating into solid profits.

With this addition, EVIALIS will almost double its international turnover, bringing it to a third of its pro-forma sales for 2008.

The deal calls for EVIALIS to acquire 50 % of the shares as soon as governmental approval is granted and 20 % more within a year.The 30 % remaining will stay with the present shareholders i.e., 10 % with the US cooperative GROWMARK, and 20 % with the Management team.
Source
Business Newswire
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