Nicholasville-based Alltech has finalized the acquisition of Canadian feed company, Masterfeeds, according to a news release from Alltech, which announced the purchase in November.
The purchase price was not disclosed. This is the 13th acquisition for Alltech since 2011, giving the Kentucky animal nutrition company annual revenues in excess of $2.1 billion. According to the company, the privately held company has more than tripled its sales in the last three years and is on target to achieve $4 billion in sales in the next few years.
“Between Alltech’s primacy in science and Masterfeeds’ robust network of farm-focused team and dealers, we have a winning combination for moving Canadian agriculture forward to greater farm and ranch efficiency and profitability,” said Pearse Lyons, founder and president of Alltech.
With Masterfeeds and EMF Nutrition, another Canadian feed company purchased in 2013, Alltech has about 700 Canadian employees. Together they operate 25 feed manufacturing and premix facilities, nine retail locations and seven distribution centers in a business spanning the entire country.
Masterfeeds will continue to be headquartered in London, Ontario, Canada, and led by current CEO Rob Flack. Alltech’s own entity, Alltech Canada, remains headquartered in Guelph, Ontario.