AB Agri Acquires Denmark’s AgroKorn
The £1.2 billion British animal nutrition and agricultural services group, AB Agri, is expanding in alternative proteins with the acquisition of Denmark-based feed additive, milk replacer, and soy protein producer, AgroKorn for an undisclosed amount.
With the exception of AgroKorn’s mink business which was not included in the deal, AB Agri will integrate AgroKorn’s animal nutrition products and range of alternative proteins into its product portfolio as it strives to provide ‘next generation’, feed ingredients that “have a strong technological component” to its customers.
“As a business, and as an industry, we are working hard [to] 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,” said David Yiend, CEO of AB Agri in a company statement.
New Ventures Director for AB Agri, Alan Murphy, told Feed Navigator that AgroKorn will continue as an independent entity, but will “utilize the capability, resource and support of AB Agri’s central functions and expertise where appropriate.”
Together, the two businesses plan to exploit synergies that will build new markets throughout Southeast Asia, Latin America, and Europe for AgroKorn’s Alphasoy 530 and 510 feed additives.
“AgroKorn has established strong commercial relationships within Denmark, and has increasingly been seeking markets outside of the country,” said AgroKorn Sales and R&D Director, Dennis Jørgensen, who will be the commercial head of the business.
AB Agri also plans to build the sales potential for AgroKorn’s milk replacer range and premix products, while also developing the company’s Denmark operation.
Launched in 1984, AB Agri has grown rapidly, operating along the entire agri-food value chain, providing services and products to farmers, processors, food manufacturers, and retailers in more than 70 countries.