Devro completes PV acquisition
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.”
