Acquisition broadens animal health solutions portfolio and adds complementary food safety offerings for Zoetis.
ZOETIS Inc. announced Oct. 22 the completion of an agreement to purchase substantially all of the assets of Advanced Food Technologies LLC (AFT), a company that provides innovative food safety and animal care products to meat and poultry processing customers.
Zoetis said the acquisition will allow it to integrate AFT's products into its existing business and enter into a complementary space in the food safety sector where it has not competed before. Financial terms of the agreement were not disclosed.
AFT is a privately owned specialty chemical company for food processors. It provides post-harvest food safety solutions and services in meat and poultry processing, along with offering hoof care products for the dairy industry.
According to the announcement, this acquisition adds new technology to Zoetis' portfolio of vaccines, medicines, diagnostics and genetics, and it underscores the company's commitment to helping its customers ensure a safe, sustainable food supply.
"This acquisition is a great addition to the diverse portfolio of products and services that we use to support our customers," said Clint Lewis, executive vice president and U.S. president for Zoetis. "With AFT's products, we will now provide proven food safety technologies in processing facilities for use after these animals are harvested."
The acquisition gives Zoetis brands such as Aftec 3000 (buffered hydrogen sulfate) and Hoof-Tec Complete to add to its portfolio.
Along with the new product offerings, Zoetis also will expand its service offerings for the food safety industry. New services include: chemical dosing systems and application equipment designed to ensure maximum effectiveness and ease of use; training and hazard analysis and critical control points support for operators; quality assurance training for workers and maintenance personnel at start-up, and integrated plant-wide food safety solutions for meat and poultry plants.
Founded in 2008 and based in Shreveport, La., AFT has nine employees and sells its products and systems in numerous beef, veal, swine, lamb and poultry operations throughout the country.
Zoetis is a leading animal health company that discovers, develops, manufactures and markets veterinary vaccines and medicines.