Alltech and Masterfeeds announced recently that they have entered into a share purchase, under which Alltech will acquire 100% of the outstanding shares of Masterfeeds, Inc., from Ag Processing Inc (AGP). The move provides Alltech with complete ownership of Masterfeeds LP, a leading commercial animal nutrition company in Canada, and creates one of the country’s largest animal nutrition offerings.
Since 2011, Alltech has completed 13 acquisitions successfully, with Masterfeeds becoming its 14th. This is Alltech’s second major acquisition in North America this year, following that of Ridley Inc. It is also Alltech’s second acquisition of a company headquartered in Canada, following the success in acquiring EMF Nutrition in 2013.
Alltech has more than tripled its sales in the last three years and is on target to achieve $4 billion USD in sales in the next few years. The combined company will have annual revenues in excess of $2.1 billion
Feedstuffs’ Sarah Muirhead caught up the Alltech’s chief innovation officer Aidan Connolly at the National Farm Broadcasters Assn. meeting in Kansas City to talk about the Masterfeeds deal as well as Alltech’s overall growth strategy.