The Adisseo Group, one of the worldwide leaders in the animal nutrition additives, has just finalized the acquisition of 90 percent of Innov’ia shares. With a consolidated turnover of 16 million Euros and 110 employees, Innov’ia is, with its subsidiaries, one of the European leaders in the design and toll manufacturing of powders and granules for the food and feed industry, cosmetic, pharmaceutical and fine chemical sectors.
Over the last 15 years, Adisseo and Innov’ia have successfully developed several partnerships related to animal nutrition additives. In 2008, Innov’ia set up the production unit of its subsidiary Innocaps on the industrial platform of Adisseo’s Commentry site in France.
The objective of the Adisseo Group is to eventually accelerate Innov’ia’s growth on its different markets. To this extent, the management of this business will remain largely autonomous.
The Group has also announced that through its subsidiary Adisseo Holding, it has launched a voluntary repurchase offer for the Innov’ia shares that it still does not control. This offer, which will be open from Sept. 27 to Oct. 31, gives Innov’ia shareholders the opportunity to sell their shares at a price of €6.67 per share.
If, at the end of the offer, and in accordance with article 4.2 of the Note d'Organisation du Marché Libre, the Adisseo Group has exceeded the threshold of 95 percent in the capital and voting rights of Innov’ia, it will request the delisting of the Innov’ia shares. PD
—From Adisseo Group news release
