Devro acquires Dutch collagen gel producer PV Industries

摘要

Devro, one of the world's leading manufacturers of collagen products for the food industry, has entered into an agreement to acquire 100% of the shares in PV Industries B.V. ("PVI"). PVI is a leading manufacturer of high quality collagen gel products for the meat processing industry in Europe, and has customers throughout the world. Based in the Netherlands, PVI offers Devro access to a strong technical skills base together with an innovative and developing product portfolio. The consideration payable is the equivalent of c. € 12.5 million on a debt free basis, with a possible additional payment of up to €1 million under an earn-out arrangement. Purchasing the Dutch company PVI makes Devro the leading collagen gel supplier for Co-extrusion worldwide by combining the PVI gel sales in Europe and Japan to the gel supply in the Americas handled out of Devro's American plant.