Nicholasville-based Alltech announced on Tuesday that it acquire Masterfeeds LP, a leading commercial animal nutrition company in Canada. The purchase price was not disclosed. Alltech's 14th acquisition, Masterfeeds will make it one of Canada's largest animal nutrition companies; including EMF Nutrition acquired in 2013, Alltech employs 700 people in Canada, operating 25 feed manufacturing and premix facilities, nine retail locations and seven distribution centers.
Masterfeeds will continue to be headquartered in London, Ontario, Canada, and led by its current CEO, Rob Flack; Alltech Canada remains headquartered in Guelph, Ontario. The acquisition is expected to be completed by the end of the year.