October 4, 2024
Anpario Inc. acquires US-based Bio-Vet Inc.
Anpario Inc., a wholly owned subsidiary of Anpario plc, announced on October 1 that it has completed the acquisition of Bio-Vet Inc.
Bio-Vet was incorporated in 1996 and is based in Barneveld, Wisconsin, the United States. As a leading producer of animal health and nutrition products combining the latest research and real-world experience, Bio-Vet strives to deliver innovative solutions to farmers.
Predominantly supplying the US dairy market, Bio-Vet's solutions focus on supporting the animal's natural body systems to improve health and profitability for the farmer, a standard which fully aligns with Anpario's own vision and value proposition, Anpario said.
Bio-Vet achieved sales of US$8.2 million for the year ending December 31, 2023, and becomes a wholly owned subsidiary with its 30-plus employees, customers and suppliers welcomed into Anpario.
Concerning the merger of the two companies, Dr. Nate Haas, president of Bio-Vet, said: "We are excited for the opportunity to unite our team with a company that shares our values, culture, and innovative outlook to help provide solutions to optimise animal performance. Anpario represents the ideal partner with which to join forces to capitalise on our 30+ year history of excellence in agricultural technology. We look forward to what's in store as Bio-Vet and Anpario grow together into the future."
Bio-Vet's development of Capsule-In-A-Capsule™, a unique delivery system for direct fed microbials (DFM's) and nutritional combination products, established the company as a pioneer in the animal health industry. Its product range has since expanded to include capsules, boluses, pastes, soluble powders, electrolytes, and daily fed additives. Bio-Vet's direct fed microbials account for around half of sales and are complementary with Anpario's existing product range.
Speaking about the acquisition, Anpario chief executive officer Richard Edwards said: "This presents a phenomenal opportunity for Anpario. We have already identified strong synergies across the brands most notably in our approach and vision to develop strong cost effective, high-quality solutions, which work in harmony with the animal's natural biology, and both seek to add value for our customers. This will continue and the union will hugely benefit our employees and our customers as we find new opportunities for growth. The collective strengths of the two business will make a powerful combination, and both Bio Vet and Anpario will be ideally placed to help progressive farmers."
Bio-Vet's production facility in Wisconsin will provide Anpario with the ideal platform from which to drive its ambitions in the Americas region. The plant production capability and focus on high-quality standards, complement Anpario's own Manton Wood, UK operation and both facilities are very much part of Anpario's strategic plans going forward.
A combined portfolio of specialised feed additives including phytogenics and direct-fed microbials ensures Anpario is strongly positioned to help customers adapt and to deliver improved animal productivity, the company said.
Following what has been an extensive and successful period of evaluation of each other's technologies, Anpario and Bio-Vet will now use their combined skill set to deliver scientifically driven, sustainable solutions that focus on animal health, feed efficiency, and performance.
"The combined knowledge in the team will accelerate the development of next-generation solutions and strengthen our ability to better serve customers all over the world," Edwards said. "The potential to combine Anpario's phytogenics solutions with Bio-Vets technologies will provide a new chapter of opportunity for animal productivity and sustainable protein production as well as offer improved profitability and performance for our customers.
"We recognise the immense potential of the region and the ruminant sector, having already taken significant steps in the US since creating a subsidiary there in 2014. The acquisition offers the opportunity to enlarge the scope for future innovations and make Bio-Vets solutions more available globally. Together, Anpario and Bio-Vet will accelerate the pace of innovation and drive strategic, long-term growth."
- Anpario