Alltech announced that as of July 8, it has expanding its European operations with acquisitions of Produs AS and Produs Aqua AS in Førde and Bergen, Norway.
Both Produs and Produs Aqua are both family-owned and operated firms with extensive experience in the Norwegian agriculture and aquaculture industries.
"We are taking this positive step into the future with Alltech because we believe their global resources, technology and innovative approach to both agriculture and aquaculture will strengthen the operations and profitability of our Norwegian customers," said Magne Kolstad, chief financial officer, Produs and Produs Aqua.
Since 2001, the Produs teams have serviced Norwegian producers both on land and at sea with quality nutrition technologies for the agriculture and food industries, and Produs will continue its local approach to meeting the needs of this growing market.
“Alltech is a family-owned business like Produs so our customers will continue to experience the special attention to detail and on-farm support, including superior customer service, unique to private, family businesses,” said Bjarne Ravnøy, managing director Produs Aqua. “Over the past 10 years, Alltech has helped form the foundations of our businesses. We look forward to becoming part of the Alltech family and to growing together in the future.”
Over the past 35 years, Alltech has been a reliable and trusted partner to Produs, making this exciting new step into the future together a natural progression for the two family-owned businesses.
Dr. Pearse Lyons, president and founder of Alltech, said, “We have worked with the Ravnøy and Loe families since the early 2000s, and we’re delighted now to officially welcome them into the Alltech family. We have complementary strengths that we can deliver to Norwegian producers, both on land and at sea, supporting their endeavours to nourish the world more efficiently, profitably and sustainably.”
Produs and Produs Aqua are Alltech’s ninth and tenth acquisitions, respectively. Through acquisitions and strategic alliances, Alltech is charting a course that will ensure the companies’ continued sustainability, expansion and brand legacy.