Animal feed firm in Peterborough reacts to demand with new acquisition
A growing Peterborough company has just completed a new acquisition - its third in nine months.
The deal has been agreed by animal nutrition and agricultural services group AB Agri, based in Lynch Wood.
It has acquired the Danish animal feed additives manufacturer Agro Korn.
Bosses said the purchase is in direct response to customers’ increasing need for innovative high quality protein ingredients.
The acquisition of Agro Korn opens the door for AB Agri, which is the agriculture division of Associated British Foods, to develop new markets for AgroKorn’s innovative feed material across South East Asia, Latin America and key European regions.
David Yiend, chief executive of AB Agri, which won the Peterborough Telegraph Employer of the Year Award last year, said: “This is part of our strategic plan to grow our organisation internationally.
“We are working hard 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.
“As AB Agri continues its rapid growth, our entrepreneurial culture will see us bring even more technically-advanced products and services to market to support the livestock, aqua and pet sectors, and indeed the entire agri-food supply chain from farmer to retailer. We are confident our new generation proteins have the potential to benefit the worldwide industry.”
AB Agri has extended its headquarters in Lynch Wood to support its rapid growth.