Alltech acquires Canadian animal nutrition company
Jan. 11, 2016
by Erica Shaffer
Search for similar articles by keyword: [Feed
Rob Flack, CEO of Masterfeeds, joins Dr. Pearse Lyons, president and founder of Alltech, in celebrating Alltech's completed acquisition of Masterfeeds.
LEXINGTON, Ky. – Alltech has acquired the outstanding shares of Masterfeeds Inc., a leading commercial animal nutrition company based in Canada. Alltech engaged the share purchase agreement with Ag Processing Inc.
Alltech said the Masterfeeds acquisition, along with Alltech’s existing Canadian operations and its acquisition of EMF Nutrition, expands Alltech’s footprint to approximately 700 Canadian employees operating 25 feed manufacturing and premix facilities; nine retail locations and seven distribution centers. Masterfeeds also has equine and pet product lines, which Alltech may further develop with its nutritional technologies.
“Masterfeeds has long been a partner and friend of Alltech,” said Dr. Pearse Lyons, founder and president of Alltech. “With them fully on board now as an Alltech company, together we can narrow our focus and accelerate on-farm performance. Between Alltech’s primacy in science and Masterfeeds’ robust network of farm-focused team and dealers, we have a winning combination for moving Canadian agriculture forward to greater farm and ranch efficiency and profitability.”
Alltech and Masterfeeds have identified possible growth opportunities, which may include nutritional technologies and feeding programs for antibiotic-free formulation, feed efficiency, organic minerals, algae, mycotoxin management and crop protection and performance.
Rob Flack, CEO of Masterfeeds, will continue to lead the company which will maintain its headquarters in London, Ontario. Additionally, Alltech’s own Canadian unit, Alltech Canada, remains headquartered in Guelph, Ontario, serving the entire Canadian feed industry.