Devro completes PV acquisition

By Aidan Fortune

- Last updated on GMT

Devro said the acquisition would boost its sales of collagen coatings
Devro said the acquisition would boost its sales of collagen coatings
Devro’s acquisition of PV Industries has been given the green light by European competition authorities.

Previously announced on 10 July, Devro entered into an agreement to acquire 100% of the shares in PV Industries which was conditional upon clearance by the authorities in certain EU jurisdictions.

PV Industries is a leading manufacturer of high-quality collagen gel products to the meat processing industry. Based in the Netherlands, the acquisition offers Devro access to a strong technical skills base and an innovative and developing product portfolio. In 2014, PV Industries’ pre-tax profit was €1.3 million on sales of €6.3m.

Peter Page, Devro CEO, said: “I would like to welcome the team at PVI to Devro and look forward to working together to support Devro’s strategy by growing sales of collagen products through product differentiation and enhancing value for customers.”

Related topics: Meat

Related news

Show more

Follow us

Products

View more

Webinars