January 3, 2017

Neovia acquires French animal dietary company Agranix

Neovia has announced the acquisition of Agranix, a French company that manufactures boluses and premium dietary products for ruminants and horses.

The acquisition will allow Neovia to strengthen its portfolio of products and solutions, consolidate its positions on the speciality nutrition market, and complement its expertise in supporting French farms.

Established in 1999 in the Aquitaine region of south-western France, Agranix employs twelve people and produces nutritional and dietary ranges for animals and, in particular, ruminants and horses. The company has a production site and a warehouse located in the Lot-et-Garonne.

The company has recognised expertise in designing and manufacturing boluses which are compressed mixtures of prepared powders, primarily intended for cattle, that slow the dissolution of trace elements in the rumen. It also specialises in dietetic products for the equine market.

The acquisition will give Agranix a new dimension as it will benefit from Neovia's size and key expertise in purchasing raw materials and industrial organisation as well as gaining access to new commercial networks. "The integration into Neovia will help Agranix accelerate its growth, strengthen its expertise, improve the competitiveness of its solutions, and increase its market potential ", said Denis Savy, CEO of Agranix.

In the context of the animal production crisis in France, Neovia wishes to play its role in defending the competitiveness of French livestock farmers and feed manufacturers. The acquisition of Agranix concretely illustrates this intention, Neovia said.

The acquisition will allow Neovia to offer an expanded portfolio of products and solutions in the high-value-added field of nutritional specialities. This field complements the company's premix and mineral offerings, where it has had a strong leadership position for several years.

"The acquisition of Agranix will allow Neovia to strengthen its range of industrial technologies  (cold  granulation,  bolus),  foster  synergies  in  innovation  with  our additives and ingredients business line, and support the growth of the nutritional specialities business line in France and abroad. In a European and global context of increasing demedication, the extension of Neovia's range of sustainable and technological products and solutions is an undeniable asset to effectively and sustainably support French livestock farmers and feed manufacturers", Hubert de Roquefeuil, CEO of Neovia, commented.

- Neovia