The agreement, between Royal Agrifirm Group's functional feed ingredient brand Agrimprove and Land O'Lakes' PMI feed additive businesses, is the third key partnership between the two agricultural cooperatives.

Since 2015, PMI has been the exclusive distributor of Agrimprove functional feed ingredients in the United States. In 2019, Royal Agrifirm Group and Land O'Lakes formed Agrilakes, a dairy animal feed joint venture in China. Now, the world's only two farmer-owned functional feed additive companies are expanding their relationship.

"We are excited to expand our relationship with our trusted partner, Royal Agrifirm Group. They bring tremendous, complementary capabilities through their global footprint and operating expertise, and this will be a catalyst for PMI's continued growth," said Adam DeRosier, general manager of PMI.

"This agreement will enable us to leverage PMI's innovative, proven swine and poultry products to complement our existing, farmer-driven product portfolio and bring them to market throughout Europe, Asia and Latin America," said Johan de Schepper, member of the executive committee and CIO of Royal Agrifirm Group.

"This means we can take more solutions to our customers. Global know-how and local manufacturing provide more flexibility and faster access to these technologies."