Global animal health and nutrition leader Alltech has expanded its European operations. This company news release says Alltech bought Norwegian Produs AS and Produs Aqua AS, family-owned and operated agriculture and aqua industries businesses.
Produs and Produs Aqua are Alltech’s ninth and tenth acquisitions respectively, a development that will mean continued innovative, customized and quality products, programs, services and on-farm consultation for customers in Norway, both on land and at sea. In addition, it will be supported by Alltech’s global and local team of scientists, nutritionists and marketing experts. The combined strengths of the companies will deliver the latest nutritional technologies to Norwegian producers, enabling them to become more efficient, sustainable and profitable.
“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.
“Although our business operates in 128 countries, Norway holds a very special place for Alltech and for me personally. Norway reminds me a lot of Ireland in terms of its scenic landscape and its agricultural focus,” said Dr. Pearse Lyons, president and founder of Alltech. “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.”