South Korea’s leading animal nutrition company EASY BIO announced the acquisition of a 100% stake in Devenish Nutrition LLC, a U.S. corporation specializing in feed additives, on Feb. 29 in a move to strengthen its feed additive and premix business in North America.
Since its launch in 1998, the Fairmont, Minn.-headquartered Devenish Nutrition has been competitively operating businesses such as feed additives and premixes, which meet various needs of customers through five production plants and six research facilities in the U.S. and Mexico, the company said in a release.
“After its foundation in 1988, EASY BIO has headed the technology in alternative antibiotic solutions, cost-saving solutions, and animal gut health solutions under the banner of ‘Guidance for Sustainable Animal Industry’ and has focused all of its capabilities on setting out directions for the future eco-friendly animal industry and enhancing customer competitiveness,” the company explained.
The company believes the solutions, technologies and sales power of the various portfolios of the two companies will create mutual strategic supplementation and synergy creation in the future.
“Devenish Nutrition is already a leading company in the North American market with its solid technology and various solutions. We are confident that this is an outstanding achievement and competitiveness of many talented people in the company, including management. EASY BIO believes it has a significant responsibility to fully support Devenish Nutrition so that the company with these strengths can continue to develop and grow into a market leader in the future through this acquisition,” EASY BIO CEO Stevenson Hwang said in a release.
