Alltech acquires Norway's Produs AS, Produs Aqua AS

Courtesy of dailybusiness.com
Alltech, a global animal health and nutrition company based in Kentucky, recently expanded the company’s European operations by acquiring Norway's Produs AS and Produs Aqua AS.

Both of these companies are family-owned and -operated, with vast experience in Norway’s aqua and agricultural industries.

“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,” Magne Kolstad, chief financial officer of Produs and Produs Aqua, said.

“Alltech is a family-owned business like Produs, so our customers will continue to experience the special attention to detail and on-farm support, including superior customer service, unique to private, family businesses,” Bjarne Ravnøy, managing director of Produs Aqua, said. “Over the past 10 years, Alltech has helped to form the foundations of our businesses. We look forward to becoming part of the Alltech family and to growing together in the future.”

“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,” Dr. Pearse Lyons, president and founder of Alltech, said. “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 endeavors to nourish the world more efficiently, profitably and sustainably.”

Organizations in this story

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