Pancosma & Associates reached an agreement last month to acquire Btech, a leading player in the Brazilian feed additive market.
Founded in 1992 and headquartered in Valinhos, Sao Paulo, Brazil, Btech specializes in the development, production and distribution of products and solutions for animal nutrition. This acquisition is a part of Pancosma's strategy to gain direct access to customers in the major countries representing the animal feed industry, such as Brazil.
"Acquiring Btech allows Pancosma & Associates to consolidate its position locally in the rapidly growing sector of specialty feed additives in Brazil while at the same time complementing our existing portfolio of additives," Pancosma chief executive officer Dr. Goetz Gotterbarm said. "Reflecting the rising importance of the Brazilian market, this strategic acquisition will reinforce our geographical coverage in the field, strengthen our sales network, which is now direct, and fortify our specialized and dedicated sales force.
"In terms of production facilities, Btech will allow our group to further boost our strong positioning in the field of products for digestive control," Gotterbarm continued.
Roberto Betancourt, who will remain CEO of Btech, added, "This acquisition will allow Btech to pursue and accelerate its development strategy while also benefiting from Pancosma & Associates’ worldwide footprint and innovative research and development capabilities."
The acquisition was finalized on Dec. 28, 2015.
Founded in 1947, Pancosma & Associates is a global pioneer in developing, manufacturing and distributing a wide range of innovative feed additives. The company is based in Geneva, Switzerland, and is present in 75 countries worldwide.