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:
“... possibly there is no needful occupation which is wholly unbeautiful. The beauty of work depends upon the way we meet it—whether we arm ourselves each morning to attack it as an enemy that must be vanquished before night comes, or whether we open our eyes with the sunrise to welcome it as an approaching friend who will keep us delightful company all day, and who will make us feel, at evening, that the day was well worth its fatigues.”
—Lucy Larcom (1824–1893)
“What we call National-Socialism is the poisonous perversion of ideas which have a long history in German intellectual life.”
—Thomas Mann (1875–1955)