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:
“Is not disease the rule of existence? There is not a lily pad floating on the river but has been riddled by insects. Almost every shrub and tree has its gall, oftentimes esteemed its chief ornament and hardly to be distinguished from the fruit. If misery loves company, misery has company enough. Now, at midsummer, find me a perfect leaf or fruit.”
—Henry David Thoreau (1817–1862)
“I believe my ardour for invention springs from his loins. I can’t say that the brassiere will ever take as great a place in history as the steamboat, but I did invent it.”
—Caresse Crosby (1892–1970)