SINGAPORE and SHANGHAI — ADM announced Dec. 22 it has finalized its acquisition of Invivo Sanpo, a Tianjin, China-based pet nutrition company. Invivo Sanpo was established in 2017 as a joint venture between ADM and Tianjin Jinkangbao. ADM has purchased the remaining 40% shareholding of Invivo Sanpo, giving it total ownership of the company.
“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.”
Over the last five years, ADM has made several acquisitions in the pet nutrition space, beginning with its purchase of Crosswinds in 2017. In 2019, the company acquired Neovia for $1.77 billion, and in September 2021 it purchased a majority stake in P4 Companies, which owns four major pet food and treat co-manufacturers: PetDine, Pedigree Ovens, The Pound Bakery and NutraDine.
ADM has also invested in animal nutrition research through its Animal Nutrition Technology Center, opened Dec. 5, 2019, and a livestock feed facility opened April 3, 2019.
Read more about corporate strategy, financial performance, mergers and acquisitions on our Business page.