ADM, a prominent leader in innovative solutions from nature, and Alltech, a global leader in agriculture, unveiled the signing of a definitive agreement to launch a North American animal feed joint venture, bringing together decades of experience as well as unparalleled capabilities to create new advantages for customers.
Alltech will focus on its U.S.-based Hubbard Feeds as well as Canada-based Masterfeeds businesses, including 18 feed mills in the U.S and 15 in Canada, and ADM will contribute its 11 U.S. feed mills.
The joint venture will be majorly owned by Alltech and governed by a board with equal representation from each parent company.
Both companies have a longstanding relationship, tracing back to ADM being Alltech’s first customer. The new venture will offer an opportunity in line with their complementary North American feed strengths, including the expertise of their teams, extensive manufacturing capabilities, deep experience in nutrition science, along with well-recognized and respected existing product portfolios.
The venture will be supported and strengthened by the parent companies’ leading-edge technology and R&D, broad logistical capabilities, and connections across the broader ag and feed value chains.
Executive Statement
According to an official company executive, as the animal nutrition industry continues to reshape itself to support a growing global population, Alltech and ADM are bringing together passionate teams, proven products and shared values to ensure enhanced advantages for their customers. They are evolving with purpose to offer an industry-leading range of products and solutions for livestock, equine, backyard and leisure animals.
According to an official company executive, their customers know they can depend to partner with them, offering personalized service and nutrition expertise to tailor products and solutions that will give them an edge, whether in the market or the show ring. Now their new joint venture is going to be able to offer even more: broader capabilities, more products, and new innovative solutions, all delivered with the relationships and service their customers have come to expect.