March 1, 2024


EASY BIO acquires US company Devenish Nutrition



EASY BIO, South Korea's leading animal nutrition company, announced on February 29 the acquisition of a 100% stake in Devenish Nutrition LLC, a US corporation that specialises in feed additives, a move that will strengthen EASY BIO's feed additive and premix business in North America.


With the acquisition, the company's US subsidiary, EASY BIO USA, took over Devenish Nutrition from its parent company, Devenish Holdings Limited, which is based in Northern Ireland.


Since its launch in 1998, Fairmont, Minnesota, US-headquartered Devenish Nutrition has been competitively operating businesses — such as those in the feed additives and premixes segments — meeting various needs of customers through five production plants and six research facilities in the United States and Mexico.


In particular, more than 30 of the company's 200-plus employees are PhD-level personnel, who help Devenish Nutrition establish a firm position in the North American livestock market through value-adding products and services based on high-quality technology and research capabilities.


Following its founding in 1988, EASY BIO has led the development of technology in alternative antibiotic solutions, cost-saving solutions and animal gut health solutions under the banner of "Guidance for Sustainable Animal Industry." The company has focused all its capabilities on setting the pathway for an eco-friendly animal industry and better customer competitiveness.


EASY BIO has achieved rapid growth mainly through its subsidiary Pathway Intermediates Limited in the United Kingdom as well as in other global markets such as the US, Canada, Spain, China, Vietnam and Thailand. It also supplies a host of animal nutrition solutions to around 50 countries.


Devenish Nutrition's management philosophy — which supports the development and supply of various technology-based solutions for customer success and sustainable growth — is very aligned with EASY BIO's mission ("The Value-Added Solution of Feeding Tomorrow") to provide a valuable solution to customers for sustainable livestock. As such, this alignment led to EASY BIO's acquisition of Devenish Nutrition.


The solutions, technologies and sales reach of both companies' portfolios are expected to enable mutual strategic supplementation and synergy creation, which will not only boost competitiveness in the North American market but also enable customer satisfaction through more diverse solutions in global markets.


EASY BIO chief executive officer Stevenson Hwang said: "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 (its) strengths can continue to develop and grow into a market leader… through this acquisition.


"In this respect, Devenish Nutrition will continue to operate with its current management team and employees at the center and continue to grow with its customers and business partners based on the great history, tradition and corporate culture that its executives and employees have made."


Devenish Nutrition CEO Cory Penn said: "I am delighted we have now completed this transaction. Devenish Nutrition is a well-established and well-recognised brand across the United States and Mexico's livestock (industries). With the help and support of the EASY BIO Group, we will continue to expand our footprint across North America with investments in people, research and manufacturing facilities. The relationship with EASY BIO will provide Devenish Nutrition with significant benefits, including additional financial resources, access to a unique and innovative product portfolio, as well as access to additional research capabilities.


"We believe these additional resources will ultimately benefit all our stakeholders, including customers, employees and supplier partners. Our business is built around a strong employee culture, with a focus on delivering nutritional solutions to support the challenges and opportunities of our customers. EASY BIO has similar strong values and an appreciation of employees being its strongest asset, which points toward a very successful business that I believe will go from strength to strength. It is an exciting time for Devenish Nutrition's North American business."

Yong Won Shin, director
Telephone: +82-10-5368-3349


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