July 9, 2015


Alltech acquires 2 companies in Norway




Norwegian companies Produs AS and Produs Aqua AS, both family-owned and operated with extensive experience in the Norwegian agriculture and aqua industries, have reached an acquisition agreement with Alltech.


The acquisitions in the Norwegian cities of Førde and Bergen are part of Alltech's plans to expand its European operations.


Produs and Produs Aqua are Alltech's ninth and tenth acquisitions respectively, a development  that will mean continued innovative, customised and quality products, programmes, services and on-farm consultation for customers in Norway, both on land and at sea. In addition, it will be supported by Alltech's global and local team of scientists, nutritionists and marketing experts. The combined strengths of the companies will deliver the latest nutritional technologies to Norwegian producers, enabling them to become more efficient, sustainable and profitable.


"We are taking this positive step into the future with Alltech because we believe their global resources, technology and innovative approach to both agriculture and aquaculture will strengthen the operations and profitability of our Norwegian customers," said Magne Kolstad, chief financial officer, Produs and Produs Aqua.


Since 2001, the Produs teams have serviced Norwegian producers both on land and at sea with quality nutrition technologies for the agriculture and food industries, and Produs will continue its local approach to meeting the needs of this growing market. 


"Alltech is a family-owned business like Produs so our customers will continue to experience the special attention to detail and on-farm support, including superior customer service, unique to private, family businesses," said Bjarne Ravnøy, managing director Produs Aqua. "Over the past ten years, Alltech has helped to form the foundations of our businesses."


"Although our business operates in 128 countries, Norway holds a very special place for Alltech and for me personally. Norway reminds me a lot of Ireland in terms of its scenic landscape and its agricultural focus," said Dr. Pearse Lyons, president and founder of Alltech.
Announcing new acquisitions in Norway (from left to right) are Dr. Pearse Lyons, founder and president of Alltech; Bjarne Ravnøy, Magne Kolstad, Leif Loe, and Linda Dvergsdal Hauge, all from Produs; and Patrick Charlton, Alltech vice president for Europe.
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