Alltech announced June 18 that it has successfully completed the acquisition of Ridley Inc., pursuant to the terms of the previously announced plan of arrangement transaction.
"Alltech is committed to delivering greater performance and value to farms and ranches around the world by providing the industry's most advanced animal nutrition products and solutions," said Dr. Pearse Lyons, founder and president of Alltech. "The Ridley acquisition moves this commitment to a new level by expanding the availability of our leading animal nutrition product offerings and emphasizing our dedication to investing in (research and development)."
Ridley now operates as a division within Alltech and the current range of Ridley products and solutions will continue to be available through existing distribution channels. In the near future, customers will benefit from an increased variety of nutritional solutions and services, backed by the latest scientific research from Alltech, the announcement said.
"This combination is about our customers, and the enhanced ability we will now have to deliver solutions to them that are built upon the history, strength and scientific innovation of both companies," Lyons continued. "We are excited to officially welcome the talented Ridley employees to the Alltech family and look forward to achieving many successes together."
With the completion of the acquisition, Alltech now has a presence in 128 countries with 77 manufacturing facilities and approximately 4,200 employees globally. This includes a team with more than 200 advanced degrees in animal science that is committed to developing animal nutrition technologies and tailored feeding programs, supported by robust research and data analytics.