OTS - EW Nutrition Acquires Feed Quality and Pigment Business from Novus International
2021. February 01. 16:00
Visbek, February 1, 2021 (APA/OTS) - EW Nutrition, a global
provider of animal nutrition solutions, announced today that it has
acquired the Feed Quality and Pigments business from Novus
International, Inc. Under the terms of the agreement, EW Nutrition
becomes the owner of world-renowned brands such as Santoquin® feed
preservative, SURFACE® feed mill processing aid, and Agrado® feed
ingredient. The acquisition also gives EW Nutrition ownership of a
state-of-the-art production facility in Constantí, Spain.
"This transaction will bring additional value to our customers,
further reinforcing
EW Nutrition's global market position, and increasing its
product portfolio and geographical reach," says Michael Gerrits,
Managing Director of EW Nutrition. "The products acquired will
further support EW Nutrition's mission to mitigate the impact of
antimicrobial resistance by providing comprehensive animal
nutrition solutions."
Dan Meagher, President and CEO of Novus International, Inc.,
explained that the sale is part of Novus's Project Destiny, a
multi-year plan to transform the company into the industry's
leading provider in animal health through nutrition solutions by
focusing its resources on core platforms and emerging technologies.
"We are pleased to have found a committed owner for these
platforms so that they may continue bringing value to the
industry," said Meagher. "This event is a significant milestone in
our Project Destiny journey. Now that our Feed Quality and Pigments
platforms are in good hands with EW Nutrition, we are excited to
focus our energies on developing new, innovative technologies into
meaningful nutrition solutions for our customers."
The transaction was closed on February 1, 2021. A robust
services agreement between the companies is governing critical
activities to ensure customers are supported through the transition.
The financial details of the sale are confidential.
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About EW Nutrition
EW Nutrition is a global animal nutrition company that offers
integrators, feed producers, and self-mixing farmers comprehensive,
customer-focused solutions for gut health management, antibiotic
reduction, young animal nutrition, toxin risk management and more.
www.ew-nutrition.com
About Novus International
Novus International, Inc. is a leader in scientifically
developing, manufacturing and commercializing animal health and
nutrition solutions for the agriculture industry. Novus's portfolio
includes ALIMET® and MHA® feed supplements, MINTREX® chelated trace
minerals, CIBENZA® enzyme feed additives, NEXT ENHANCE® feed
additive, ACTIVATE® nutritional feed acid, and other specialty
ingredients. Novus is privately owned by Mitsui & Co., Ltd. and
Nippon Soda Co., Ltd. Headquartered in Saint Charles, Missouri,
U.S.A., Novus serves customers around the world. www.novusint.com.
Contacts
Novus International, Inc.: Elizabeth Davis,
Elizabeth.Davis@NovusInt.com
EW Nutrition GmbH: Pia Becker, Pia.Becker@ew-nutrition.com
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