AB Agri Expands With Agrokorn Acquisition
(Thomson Reuters ONE) -
Acquisition signals entry into new generation proteins market.
(Pressat) - Leading British animal nutrition and agricultural services group AB
Agri is growing its capabilities in the fast-developing field of alternative
proteins with the acquisition of AgroKorn.
The deal sees the Danish developer and producer of animal nutrition products,
premix, milk replacers and alternative proteins join AB Agri's growing
community, although AgroKorn's mink business has not been acquired.
The acquisition demonstrates AB Agri's intent to bring new generation proteins
to the animal feed market, and is in direct response to customers' increasing
need for high quality protein ingredients that have a strong technological
component.
The two businesses see great potential in developing new markets for AgroKorn's
innovative Alphasoy 530 and 510 feed material across South East Asia, Latin
America and key European regions.
AB Agri will also develop the sales potential of AgroKorn's successful premix
and milk replacer ranges, a mainstay of the AgroKorn product offer, and invest
in the Danish site.
David Yiend, CEO of AB Agri, comments: "As a business, and as an industry, we
are working hard produce more food for more people using fewer resources. The
expertise and capability of the AB Agri team, allied to AgroKorn's, will
accelerate our mission to move agriculture further forward.
"As AB Agri continues its rapid growth, our culture of curiosity and
entrepreneurship will see us bring even more technically-advanced products and
services to market to support the livestock, aqua and pet sectors, and indeed
the entire agri-food supply chain from farmer to retailer. We are confident that
our new generation proteins platform has the potential to benefit the worldwide
industry."
AgroKorn Sales and R&D Director, Dennis Jørgensen, who will now lead the
business commercially, comments: "AgroKorn has established strong commercial
relationships within Denmark, and has increasingly been seeking markets outside
of the country.
"This development means we will be supported by the resources and skills of AB
Agri and its parent, Associated British Foods plc. Alternative Proteins have
excellent potential in the livestock industry, and we look forward to combining
the commercial capabilities of AgroKorn and AB Agri to expand into new
international markets with our product portfolio."
-Ends-
NOTES TO EDITORS:
About AB Agri
AB Agri is a £1.2 billion animal nutrition and agricultural services business,
part of Associated British Foods.
AB Agri operates across the agri-food supply chain from research to retailer,
straddling high performance compound feeds and feed co-products from the food,
drink and biofuels industries, feed micro-ingredients, analytical and
consultancy services, livestock and poultry marketing.
AB Agri began in 1984, working with British Sugar to take bi-product from sugar
factories and convert it into nutritious and cost effective animal feed. The
business has rapidly expanded through acquisition, technological expertise,
nutritional innovation and market development. AB Agri now employs more than
3,000 people and supplies products and services to farmers, feed and food
manufacturers, processors, and retailers selling products in more than 70
countries.
More information at www.abagri.com
About AgroKorn
AgroKorn was founded in Denmark in 1994 by Anton Aarup and has grown into a
successful and profitable animal feed business, selling traded commodities,
liquid vitamins, premix, milk replacers and more innovative products, notably
Alphasoy 530 and 510.
More information at www.agrokorn.dk
Contact:
David Manning, Head of Communications, AB Agri
e: david.manning(at)abagri.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AB Agri via GlobeNewswire
[HUG#1983881]
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Datum: 05.02.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 448920
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