The deal sees the Danish developer and producer of animal nutrition products, premix, milk replacers and alternative proteins join AB Agri’s growing community, although AgroKorn’s mink business has not been acquired.
The acquisition demonstrates AB Agri’s intent to bring new-generation proteins to the animal feed market, and is in direct response to customers’ increasing need for high-quality protein ingredients that have a strong technological component.
The two businesses see great potential in developing new markets for AgroKorn’s innovative Alphasoy 530 and 510 feed material across Southeast Asia, Latin America and key European regions.
AB Agri will also develop the sales potential of AgroKorn’s successful premix and milk replacer ranges a mainstay of the AgroKorn product offer, and invest in the Danish site.
David Yiend, CEO of AB Agri, comments: “As a business, and as an industry, we are working hard produce more food for more people using fewer resources. The expertise and capability of the AB Agri team, allied to AgroKorn’s, will accelerate our mission to move agriculture further forward.
“As AB Agri continues its rapid growth, our culture of curiosity and entrepreneurship will see us bring even more technically advanced products and services to market to support the livestock, aqua and pet sectors, and indeed the entire agri-food supply chain from farmer to retailer. We are confident that our new-generation proteins platform has the potential to benefit the worldwide industry.”
AgroKorn sales and R&D director, Dennis Jørgensen, who will now lead the business commercially, comments: “AgroKorn has established strong commercial relationships within Denmark, and has increasingly been seeking markets outside of the country.
“This development means we will be supported by the resources and skills of AB Agri and its parent, Associated British Foods plc. Alternative Proteins have excellent potential in the livestock industry, and we look forward to combining the commercial capabilities of AgroKorn and AB Agri to expand into new international markets with our product portfolio.”