Feed additive manufacturer Alltech has expanded its European footprint through the acquisition of a family-owned distribution company in Norway.
The US business has purchased Produs, a livestock business based in Førde and its sister business Produs Aqua, located in Bergen. The companies distribute biotechnology products and chemicals including feed and silage additives plus soil improvers, to livestock and aquaculture units, fishermen and the food and catering industries. Alltech has supplied the businesses with its products for some 35 years.
Alltech says: “The combined strengths of the companies will deliver the latest nutritional technologies to Norwegian producers, enabling them to become more efficient, sustainable and profitable.” The latest acquisitions are its ninth and tenth in the last three years.
“We are taking this positive step into the future with Alltech because we believe its global resources, technology and innovative approach to both agriculture and aquaculture will strengthen the operations and profitability of our Norwegian customers,” said Magne Kolstad, chief financial officer, Produs and Produs Aqua. “Alltech is a family-owned business like Produs so our customers will continue to experience the special attention to detail and on-farm support, including superior customer service, unique to private, family businesses,” adds Bjarne Ravnøy, managing director Produs Aqua. “Over the past ten years, Alltech has helped to form the foundations of our businesses.”
“We have worked with the Ravnøy and Loe families since the early 2000s, and we’re delighted now to officially welcome them into the Alltech family,” states Dr Pearse Lyons, president and founder of Alltech. “We have complementary strengths that we can deliver to Norwegian producers, both on land and at sea, supporting their endeavours to nourish the world more efficiently, profitably and sustainably.”