In Costa Rica, the manufacturer and marketer of laboratory animal feed, Faryvet, has been acquired by the Distrivet group, made up of Colombian, Panamanian and Costa Rican capital.
Thursday, March 30, 2017
With the acquisition of Laboratorio Faryvet, the Distrivet group intends to strengthen its business strategy, its presence in Costa Rica and particularly in Central America, where it plans to expand from Guatemala to the Colombian market.
The market for production and distribution of nutritional premixes, and pet and livestock food in the region has been growing in recent years.
Heiner Hernández Ávila, from the Board of Faryvet, which has existed for 40 years, told Elfinancierocr.com that"... the sale was completed in the last quarter of 2016, and the merger will increase customer responsiveness and their level of competitiveness. "
Hernandez added that"... with this consolidation we will be able to offer the market comprehensive solutions to their needs, from technical consulting, development, testing, vaccines, nuclei, premixes and a wide range of manufactured products and brands representing products recognized in the animal health and pet food segment."
Go Pet, located in Paseo General Escalon in San Salvador, has a potential market of 465 thousand consumers 15 minutes away by car, and of this group of people 27% are interested in dogs and 20% in cats.
Using the Geomarketing solutions we have developed for our clients, CentralAmericaData's Trade Intelligence team analyzed the environment of some of the main locations of the establishments dedicated to the sale of veterinary articles, food or services for pets, operating in the countries of Central America. The following is an abstract of the study's findings.
More pets in Panamanian households translate into growth and diversification of the market for products and services for those members of the family.
An article on Panamaamerica.com.pa reports that "...Having a pet as a member of the family is a growing trend in Panamanian homes, which has strengthened and diversified trade for companies that are dedicated to this sector, offering everything from food to funeral services."
Four companies have a strong regional presence in the production and sale of veterinary drugs and animal nutrition.
Faryvet Laboratories is a company that has traditionally operated in the veterinary drug market, but through an investment of $1.5 million in a new premix plant in Barreal de Heredia, plans to triple its production, make the process 100% automated, and enter the field of animal nutrition and medicines for humans.
Premex, a Colombian company dedicated to the manufacture of animal supplements and concentrate, will build a processing plant in the town of Villa Nueva.
Prensalibre.com reports: "From here they will supply countries in Central America and, in the medium term, southern Mexico.
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6931Government Procurement Opportunities in the region
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