Lallemand NZ (trading as Vitec Nutrition), is to merge with the long-established Nutritech International to create New Zealand’s largest supplier of animal nutrition and forage additive technologies.
The merged business, still called Nutritech International, is majority controlled and owned by its New Zealand-based management team and shareholders, with Lallemand Animal Nutrition acquiring a minority strategic shareholding in a deal that completes on June 1st. Current Nutritech managing director Tony Manning will become chief executive of the merged business.
Tim Pollock, director of strategic development for Lallemand Animal Nutrition, comments: “The merger of Vitec Nutrition and Nutritech will secure long term and cost effective distribution of our animal nutrition portfolio across the New Zealand marketplace, despite the current challenging market environment for dairy producers.
“We are confident that Nutritech International will be able to help the New Zealand livestock producers retain their competitive position within the global livestock industry”.
Mr Manning adds: “The merger of Nutritech and Vitec will benefit our customers by enabling us to offer them a wider range of market leading animal nutrition solutions and forage technologies from both Lallemand Animal Nutrition as well as other leading global manufacturers, all fully backed up by extensive research and development.
“Furthermore, the greater scale of the business will enable us to provide species specialists to deliver a real depth of expertise in nutritional solutions and field based technical support across all major livestock species.”
Nutritech International was founded and operated by the McNeill family in 1915, until it was sold to its management through a buyout in April 2010. The business distributes a wide range of animal nutrition products, forage additives, liquid fertilisers and maize seeds. The business also manufactures feed premixes and silage additives at plants in Auckland and Rolleston.
Vitec Nutrition was established in 1997 to supply feed additives alongside animal nutritional advice to the NZ feed industry. It was acquired by Lallemand Animal Nutrition in 2008, to distribute the Lallemand portfolio of Levucell yeasts and Sil-All forage additives together with the Pancosma range of feed supplements.