Latest contents of Market Information

Partner in Pet Food’s private-equity owner halts sale talks
Market Information
star star star star star 5.0
clock

2+ MIN

Partner in Pet Food’s private-equity owner halts sale talks

The private-equity owner of Partner in Pet Food has ended talks with potential buyers of the Hungary-based business. A report from The Financial Times this week, quoting unnamed sources, suggested investors Advent International and CVC Capital Partners had made a joint bid for Partner in Pet Food after making individual approaches. Budapest-based Partner in Pet Food has been owned since 2018 by private-equity peer Cinven Group. One of The Financial Times' sources said Cinven had previously been looking to value the company at around €2bn ($2.16bn). However, a source for Just Food, who asked not to be identified, said today (28 March) Cinven had decided to pause the discussions with bidders, deeming the offers for Partner in Pet Food to be undervalued given the market potential. Approached by Just Food, Cinven declined to comment, as did Advent. CVC Capital Partners has yet to respond to a request for comment. Partner in Pet Food, set up in 1999, sells into more than 30 countries in Europe, according to Cinven. The company supplies wet and dry pet food for cats and dogs to over 250 customers, including retailers, specialist pet chains and online customers. It employs more than 1,400 people, Cinven says. Bank of America and Goldman Sachs were working on the proposed sale of Partner in Pet Food, according to a Bloomberg report today, which added interest had been received from private equity and trade buyers. Goldman Sachs had not responded to Just Food at the time of writing to comment on that speculation, while Bank of America declined to comment. Partner in Pet Food had also not give a response. Former Unilever executive Gerald Kuehr was named Partner in Pet Food CEO in 2020. In 2021, the company snapped up two manufacturers in Poland – Mispol and Werbliński. Poland is one of ten European markets in which Partner in Pet Food has sales offices, according to its website. The company has 12 manufacturing facilities. The most recent year for which the group has posted annual sales is 2022, when it generated sales of around €793m. Source: Just Food

ZOOMARK Knows No Bounds:  From Bologna to Bangkok
Market Information
star star star star star 5.0
clock

2+ MIN

ZOOMARK Knows No Bounds: From Bologna to Bangkok

Zoomark is strengthening its collaboration with Pet Fair South East Asia, the leading fair for the pet market in Southeast Asia, to be held in Bangkok, Thailand, from October 30th to November 1st. The new strategic alliance aims to promote B2B events in their respective countries, attracting visitors to each other's markets. As part of this exclusive collaboration, Zoomark represents a privileged connection between Italian companies and the Thailand fair. Zoomark will coordinate the attendance of Italian brands at Pet Fair South East Asia to offer businesses both visibility and opportunities within the Asian markets. Italian brands interested in exhibiting in Bangkok can rely on Zoomark to book their individual exhibition space or reserve a stand in the Italy Pavilion. This presents a unique opportunity for visibility for all companies seeking new partnerships and for meeting key operators in the area (distributors and buyers) to export to Southeast Asia. The 2023 edition of Pet Fair SEA saw the participation of 281 exhibitors from 40 countries and 10,000 professional visitors from 74 countries. The pet markets in Thailand, Indonesia, Malaysia, Vietnam, the Philippines, and Singapore are experiencing rapid and significant growth (with a forecasted compound annual growth rate of 9% for the period 2024-2029), driven by increasing pet ownership, rising per capita income, and urbanization. It is, therefore, the ideal time to enter these markets.
  Promoting the Excellence of Made-in-Italy   "Our longstanding collaboration with Pet Fair South East Asia is an example of how Zoomark has always aimed to create a network of strong international partners," says Pascale Sonvico, Sales and Show Office Manager at Zoomark. 'We are delighted to renew our commitment and seize this new opportunity to support and promote the excellence of Made-In-Italy in the Southeast Asian markets, ensuring the participation of Italian brands and amplifying the visibility of our exhibition."   Pascale Sonvico, Sales and Show Office Manager at Zoomark.   "We are extremely pleased to have consolidated our partnership with Zoomark through the organization of the dedicated Country Pavilion for Italy," says Johannes C. Kraus, Senior Project Manager at Pet Fair South East Asia. "We feel honored to have been recognized by one of the leading events in the international pet market as the reference platform for the industry in Asia. We are confident that the Italian companies participating will be able to enter or strengthen their presence in the Southeast Asian markets."   To join the Italy Pavilion or participate with your own stand at Pet Fair South East Asia 2024, please contact [email protected]. For updated news on Zoomark 2025 CLICK HERE Zoomark is the international trade fair for pet food and pet care scheduled at BolognaFiere from May 5th to 7th, 2025. In the last edition in 2023, with over 68,000 square meters of exhibition space spread across 7 pavilions, it hosted 1,060 exhibitors from 57 different countries and 9 foreign collectives and welcomed 27,950 visitors, 62% of whom were from abroad.   Source: Zoomark

Nestlé Purina PetCare celebrates grand opening of Pet Food Factory in North Carolina
Market Information
star star star star star 5.0
clock

4+ MIN

Nestlé Purina PetCare celebrates grand opening of Pet Food Factory in North Carolina

The grand opening celebration is the culmination of more than three years of work to bring the more than $450 million operation to life and establish the first Nestlé manufacturing facility in the state, company officials said. 'Demand for our products continues to grow and opening this new facility—our first manufacturing operation in North Carolina—allows us to better serve our consumers, particularly in the eastern and southeastern parts of the country,' said Nina Leigh Krueger, CEO of Purina in St. Louis. 'Our new factory in Eden is a huge step to continue meeting that growing demand, and the latest example of the continued investment being made across our U.S. manufacturing network. We're grateful for the support and partnership across the region, and are confident we're building a facility, and a passionate team, that will represent this community proudly for generations to come.' The Purina factory in Eden has already created more than 300 new positions, with plans to add more personnel in the future. Between 2020 and 2025, Nestlé is on track to invest $2 billion in Purina's factory and capital expansion projects to enhance its manufacturing footprint, officials said. A 24th factory is currently under construction in Williamsburg Township, Ohio, and is expected to be fully operational in the next 12 months. North Carolina Governor Roy Cooper recognized the significant investment and commitment from all parties to make the facility a reality. 'We continued to believe that the brewery in Eden could be used for a new manufacturer and we are excited that with this grand opening Nestlé Purina is ready to make a new home in North Carolina with 300 new employees,' said Governor Cooper. 'They will find here a well-trained, dedicated and diverse workforce along with support for their efforts to have this new plant embrace renewable energy and sustainability.' The grand opening celebration also featured North Carolina State Senator Phil Berger who spoke alongside several other Purina leaders including chief technical officer Nolan Terry, manufacturing vice president Casey Hansen and Eden factory manager Will Steiner. Rockingham County economic development director Leigh Cockram also spoke on behalf of the region. The new 1.3-million-square-foot Purina facility in Eden, which repurposes 80 percent of a former brewery's existing structure, features several modern technologies which transform and enhance the overall production process, including the first-ever vertical dryer installed in a Purina U.S. factory as well as automated systems in warehousing and the freezer space, officials said. The new facility also features a first-of-its-kind manufacturing experience center, designed to introduce modern manufacturing to the next generation of workforce, officials said. 'We have been looking forward to this day for a very long time and are so grateful for the contributions of so many incredible associates who've been working hard to bring this factory to life,' Steiner said. 'So much amazing collaboration has gone into this project, but what's most exciting is we can now really get to work and produce many of our pet food brands that pets love and owners trust. We have a great team in place to bring Purina's quality and safety standards to life in Eden.' Nestled on 1,350 acres extending to the Virginia state line, the new Purina factory in Eden, North Carolina, marks the 23rd Purina manufacturing operation in the U.S. Eden will operate as a zero waste for disposal facility. Across its manufacturing network, Purina is working to conserve water and achieve 100 percent renewable electricity at its factories by 2025. The grand opening event featured donations from Purina to local organizations granted through its Trust Fund, which was established by company founder William H. Danforth and supports partners working to positively impact communities where Purina has operations. Purina made a $30,000 donation to expand industrial and applied technologies programs at Rockingham Community College. The funds support the opening of a new center for workforce development building, enhancing the community's current and future workforces with training opportunities to better support high-technology employment opportunities, officials said. The 3D printing room inside the new structure will also be named in honor of Nestlé Purina. The check was presented to Mark Kinlaw, president of Rockingham Community College. Purina's $10,000 donation to Dan River Basin Association supports the organization's Tails on Trails initiative, designed to encourage pets and people to explore nature together. The program will host bi-monthly guided hikes designed with pets in mind and provide printed maps of dog-friendly trails around Rockingham County; as well as an online map featuring dog-friendly trails across the entire 16-county Dan River Basin. The check was presented to Tiffany Haworth, executive director of Dan River Basin Association. Purina also recently delivered a donation which helped renovate and reopen the Purina Bark Park inside Freedom Park in Eden; helped fund the installation of an electronic kiosk at the Rockingham County Veterans Park; and supported Help, Incorporated and the opening of a new facility, the SquareOne Family Justice Center, which provides crisis care to abuse victims in a centralized location. The local team regularly supports Rockingham County Animal Shelter and Friends of Eden Animal Rescue with donated product, and also helps feed the K9 officers of the Eden Police Force. In 2023, Purina invested more than $30 million to support programs that aim to bring and keep pets and people together and to forge partnerships that help communities and the environment thrive. Source: Pet Product News

Supply chain rating: Symrise recognized for climate protection in its supply chain
Market Information
star star star star star 5.0
clock

2+ MIN

Supply chain rating: Symrise recognized for climate protection in its supply chain

Symrise has been making efforts for years to ensure that its suppliers increasingly satisfy strict climate protection criteria. 'With more than 5,000 suppliers and widely ramified supply chains, it is essential that we have the right framework conditions in place,' says Bernhard Kott, Chief Sustainability Officer at Symrise. In line with the German Supply Chain Due Diligence Act, the company subjected all its suppliers to a sustainability risk assessment. Moreover, Symrise aims to procure 100 percent of its strategic biological raw materials from completely sustainable sources by 2025. Helmut Frieden, Vice President Corporate Sustainability: 'We have set ourselves other ambitious goals as well. For example, by 2030, we intend to bring the greenhouse gas emissions generated by our own business activities down to net zero.' Just as in the previous year, the Holzminden-based company's commitment earned it a top A grade from the non-profit organization CDP in 2023. 'This excellent result in the rating motivates us to continue our chosen path. In the future, we want to increase the number of suppliers who define their own environmental targets as part of the CDP Supply Chain Program. After all, sustainable raw materials sourcing exerts a substantial impact on our long-term success. More and more customers and consumers are attaching importance to transparency and traceability in the supply chain,' says Bernhard Kott. Symrise assumes a leading role in the supply chain Since 2018, the non-profit organization CDP has used its Supplier Engagement Rating (SER) to evaluate the cooperation between companies and their suppliers regarding climate issues. Some of the assessment criteria include: how the company integrates climate matters into its business strategy, what targets the company has set in terms of reducing greenhouse gas emissions, how high the emissions in the supply chain are (Scope 3 emissions), and how the company incorporates suppliers into its climate protection measures. The Supplier Engagement Leaderboard identifies companies that are actively cooperating with their suppliers on climate protection. An organization's average upstream emissions are around 11.5 times greater than their direct operations. Because of this, organizations have much greater potential to reduce global emissions by influencing their supply chains. 'As a Supplier Engagement Leader, Symrise is demonstrating supply chain leadership, a prerequisite for the transition towards a net-zero, nature-positive future,' says Simon Fischweicher, Director of Supply Chain and Reporter Services, CDP.

Source: Symrise.

Record-breaking attendance for VICTAM and GRAPAS ASIA 2024
Market Information
star star star star star 5.0
clock

2+ MIN

Record-breaking attendance for VICTAM and GRAPAS ASIA 2024

The event, held from March 12 – 14 at BITEC in Bangkok, welcomed 315 international exhibitors from the animal feed, pet food, aqua feed, as well as the rice, grain and flour processing industries. This year's event showcased an array of innovations and facilitated key industry connections, underscoring its role as Asia's most comprehensive exhibition for these sectors. VICTAM Asia and GRAPAS Asia experienced an unprecedented 42.5% increase in visitors from the last edition in 2022. This growth indicates the growing interest and importance of the event in the sector. This edition's success marks a significant milestone in the industry's recovery from the Corona period, showcasing resilience and renewed post-pandemic growth. The exhibition was honored to host a diverse array of industry leaders and decision-makers, including top executives from over 40 leading companies such as AMP International, Bogasari, Cargill, and CPF Worldwide. The organization also welcomed ASEAN investors, presidents of relevant associations, ambassadors, and university professors. During the exhibition, visitors could also attend a high-quality and extensive conference and technical seminar program. A total of 141 speakers from 14 countries delivered compelling presentations on a wide range of topics, ranging from the future of livestock feed to innovations in shrimp farming, feed safety, and milling technology. The Victam Foundation hosted the 3rd International Feed Technology Congress (IFTC) with Wageningen University. Chairman was professor Leo den Hartog and dr. Mai Anh Khoa (Thai Nguyen University – Vietnam), dr. Nazri Nayan (Universiti Putra Malaysia), dr. Pairat Srichana (CP Group), and dr. Thomas van der Poel (WUR) spoke about the developments and challenges in the ASEAN feed industry. Another interesting conference was the 'Flour Milling Maximized', where the continuous transformation of the wheat processing industry was discussed by Adi Witono (Bogasari), Peer Hansen (Eye-Grain Aps.), Sirichai Songsermpong (Kasetsart University) among others. During the Thai Feed Mill Association (TFMA) conference, Mr. Pornsil Patchrintanakul (President TFMA) , Dr. Witthawat Songsujaritkul (Trouw Nutrition Thailand), Mr. Amnat Chidthaisong (King Mongkut's University of Technology Thonburi) spoke about modernizing and exploring the future of livestock feed in 2024 and managing the carbon footprint in feed. After the conference there was a greet and meet between the Thai feed millers and exhibitors, where millers could address their needs and challenges in their feed mills. The "Networking Night" at VICTAM Asia successfully brought together over 250 industry professionals, including leadership from the Thai Pet Product Industry Association (TPIA) and more than 40 media representatives from Thailand and abroad. This event served as a platform for attendees to connect with leading exhibitors and discuss the latest technological advancements in the livestock industry, demonstrating the significant interest and engagement across the global community. The next edition of VICTAM Asia and GRAPAS Asia together with Health & Nutrition Asia is scheduled for March 10 – 12, 2026, at BITEC, Bangkok. For more details, please visit www.victamasia.com.

Source: VICTAM Asia.