Brief Company History
It was founded in 1967 in a village of Gard, France, by the French veterinary surgeon, Jean Cathary. Its headquarters are now located in Aimargues, France.
In March 1972, Royal Canin was acquired by Guyomarc'h.
In 1990, French bank, Paribas, bought out the Guyomarc'h Group.
In July 2001, Paribas sold Royal Canin to Mars for more than 1.5 billion euros. Approximately 93% of the purchase price consisted of goodwill paid. Mars paid 22.3 times its EBITDA (earnings before interest, taxes, and depreciation). In March 2004, Royal Canin acquired the veterinary grade manufacturers/service providers, in the U.S. and Canada, the IVD, Medi-Cal and Techni-Cal brands from Del Monte Foods for $82.5 million.
Read more about this topic: Royal Canin
Famous quotes containing the words company and/or history:
“We are well advised to keep on nodding terms with the people we used to be, whether we find them attractive company or not. Otherwise they turn up unannounced and surprise us, come hammering on the mind’s door at 4am of a bad night and demand to know who deserted them, who betrayed them, who is going to make amends. We forget all too soon the things we thought we could never forget.”
—Joan Didion (b. 1934)
“This is the greatest week in the history of the world since the Creation, because as a result of what happened in this week, the world is bigger, infinitely.”
—Richard M. Nixon (1913–1995)