Dutch multinational animal and aquaculture feed company Nutreco is to acquire the US-based Micronutrients business, after entering into an agreement with The Heritage Group, its owners. The deal, which is subject to regulatory approvals, is due to complete in the first quarter of 2016.
Micronutrients markets its hydroxy trace mineral products under the IntelliBond brand name. Micronutrients is said to be the market leader in hydroxy trace minerals, which both improve bioavailability while increasing the stability of premixes and finished feeds compared with inorganic trace minerals. The business has its own distribution network in the US and for some export markets.
Pat James, CEO of Micronutrients, says: “In Nutreco we have found a good steward for our business, which has grown at a fast rate in the US in recent years. As a global company, it has the resources and network to accelerate Micronutrients’ growth through geographical expansion, also targeting additional animal species. In the longer term, the R&D power of our new owner will allow Micronutrients’ technological platform to evolve further.”
For Nutreco, chief executive Knut Nesse comments: “Our strategy is to address global trends in the animal protein value chain by providing our customers with innovative and sustainable nutritional solutions that require advanced technical and application know-how. Micronutrients’ product portfolio fits this strategy. In combination with our existing Selko feed additive product range and R&D capabilities, the acquisition of Micronutrients makes our animal nutrition business Trouw Nutrition a leader in a specific feed additive segment. Furthermore, Micronutrients’ products will support our global premix value proposition.”