Mintec, global provider of price data, analytics, and forecasts for the agrifood industry, acquired AgriBriefing, which includes the brands Urner Barry, Strategie Grains, FeedInfo and Tropical Research Services.
Building on previous acquisitions by Mintec, including Kairos Commodities and CommoPrices, this latest acquisition establishes the combined company as the largest agrifood-focused price reporting agency (PRA) and global information provider with a unique portfolio of feed-to-food commodity prices, forecasts, cost modeling tools and fundamental market data, serving over 5,000 customers in 50 countries.
"We are delighted that Urner Barry has joined Mintec on this exciting journey. All of our combined customers can now further optimize their business strategy with access to even more robust and reliable price data and analytics for the key commodities they buy, sell, and consume," said Spencer Wicks, CEO of Mintec. "By combining the extensive range of unique data and market intelligence available, we will be offering access to the most comprehensive solution and resource for businesses to navigate the global pressures impacting their costs and overall profitability."
Headquartered in London, with offices in the U.S. and France, AgriBriefing comprises of multiple global brands with a combined heritage of over 200 years specializing in agrifood supply chains through its products and proprietary data. Market leaders like Urner Barry, the original agrifood PRA founded in 1857 and the leading provider of North American protein price benchmarks across 4,100 proprietary prices, enable the protein industry to conduct business more effectively.
"This partnership is a fantastic combination of commodity intelligence companies that ensures our customers can stay on top of commodity price challenges and opportunities related to cost. It's a natural home for us," said Rory Brown, CEO of AgriBriefing.
“By joining forces with Mintec, our customers can now benefit from the world's largest commodity price database, IOSCO-compliant proprietary prices and features that include cost modelling, commodity and weather analysis, and extensive price forecasts," said Joe Muldowney, CEO of Urner Barry. “The group's strengths are in our deep understanding of the feed-to-food commodity markets and as the No. 1 IOSCO compliant price reporting agency. This is evident through the prominence of Urner Barry within the meat, plant protein, seafood and eggs sectors, and the extent to which our proprietary prices have become industry benchmarks."
Through its diverse brands, the combined group will have a strengthened financial profile, product offering and customer base:
- The largest portfolio of agrifood commodity data assets spanning 650 commodities across 21,000 time series, including benchmarks globally.
- A growing footprint in North America, Europe, and Asia, with the U.S. its largest and fastest growing market.
- An increased capacity to deliver market insight, price intelligence and analytics across supply chains for procurement, risk management and financial services.
Mintec is a portfolio company of Five Arrows and Synova, who hold a significant minority investment. The combination with AgriBriefing will be the first strategic transformational acquisition following Five Arrows’ investment in the company.
