Easy Bio Inc. has closed the transaction for the acquisition of all shares of DFS Oskaloosa LLC, a U.S. grain trade and feed company.

Details of the contract have not been disclosed.

With its headquarters in Oskaloosa, Iowa, DFS is a midsized company operating in the grain trade and compound feed business, with annual feed production capacity of approximately 500,000 metric tons. Estimated sales for feed and grain in the 2018 fiscal year were about $100 million.

Company officials noted that DFS was the ideal company for Easy Bio to acquire to expand its presence in the U.S. market, with its location at the heart of the Corn Belt and solid operations in both the grain and feed businesses. Easy Bio said it will dispatch a representative to effectively establish a real-time analytic system for grain purchases, trade, quality management, and logistics, and to simultaneously connect this data with its group companies.

Easy Bio also is expecting to create a synergistic effect by introducing feed additives, currently exported to 40 countries, to DFS feed products, foreseeing expansion of sales for both businesses.

“Our commitment to strengthening our overseas projects has led us to the successful acquisition of DFS, which we hope will serve as a platform for continuous growth in the American market,” said Dr. Young Hyun, vice chairman of Easy Bio. “We are constantly look for opportunities for global expansion.”