Novus International Inc. announced it has acquired the IQF Group, a global firm offering natural feed and food carotenoid pigments, essential oils, anti-caking agents and mold inhibitors. Terms of the deal were not disclosed.
The deal includes IQF divisions Carotenoid Technologies, S.A. and Investigaciones Químicas y Farmacéuticas, S.A. in Tarragona, Spain, and IQF-Enamex, S.A. de C.V. and sister company Operadora Enamex, both in Córdoba, Mexico. The acquisition enables Novus to expand its product and food ingredient offerings for animal agriculture customers in Europe and around the world.
This is the second acquisition Novus has made recently, having purchased the Animal Nutrition Division of Albion Laboratories Inc. in December 2009.