Bluestar Adisseo Co. announced that it has completed the acquisition of Nutriad, a global feed additive producer.
The transaction is part of Adisseo’s strategy to become one of the worldwide leaders in specialty additives for animal nutrition, according to the company.
"We are pleased to have quickly brought the Nutriad acquisition to completion and excited to welcome Nutriad talents in the Adisseo team. This complementary combination supports our strategy for accelerating growth of our Specialty products business. Together, we will set up an efficient organization, which should allow us to strengthen our global product portfolio’s competitiveness and its overall efficiency,” Adisseo chief executive officer Jean-Marc Dublanc said.
“Combining our talent and technology will enable Adisseo to continue to push the boundaries of innovation and specialty product offering in existing and new markets,” added François Pellet, Adisseo executive director specialty products.
Nutriad CEO Erik Visser said, “The announcement of the acquisition of Nutriad by Adisseo has been met with overwhelming enthusiasm by our customers, suppliers, distribution partners and employees across the world. Now that we have confirmed the completion of the transaction, the Adisseo and Nutriad teams will jointly work with full energy and passion on the integration, committed to bringing further value-adding solutions to the market.”
Nutriad, a multinational company headquartered in Dendermonde, Belgium, operates four laboratories and five plants located in Belgium, Spain, the U.K., China and the U.S. The business generates gross sales of about $100 million per year.
Nutriad’s product range, the species addressed -- poultry, swine, aquaculture, dairy and cattle -- and its customers are highly complementary to Adisseo’s and will allow the combined business to implement integrated solutions and offer even more value to customers, Adisseo said.
A joint Adisseo/Nutriad project group has been set up and is already working on identifying and implementing the synergies.
Adisseo is one of the world's leading experts in feed additives. The group relies on its seven research centers and production sites based in Europe and China to design, produce and market nutritional solutions for sustainable animal feed. With more than 1,900 employees, it serves around 2,600 customers in more than 100 different countries through its global distribution network.