Korea’s high animal vitamin agency strengthens feed additive & premix biz in North America
29 February 2024
4 minute learn
EASY BIO, South Korea’s main animal vitamin firm, introduced the acquisition of a 100% stake in Devenish Diet LLC, a U.S. company specializing in feed components, on February 29 in a transfer to strengthen its feed additive and premix enterprise in North America.
Particularly, the previous’s U.S. subsidiary, EASY BIO USA, took over Devenish Diet from its guardian firm, Devenish Holdings Restricted situated in Northern Island.
Since its launch in 1998, Fairmont, Minnesota-headquartered Devenish Diet has been competitively working companies equivalent to feed components and premixes, which meet varied wants of consumers by means of 5 manufacturing crops and 6 analysis services in america and Mexico.
Particularly, greater than 30 of its 200-plus staff are Ph.D.-level personnel, which helped the corporate set up a agency place within the North American livestock market by means of value-adding services primarily based on high-quality know-how and analysis capabilities.
After its basis in 1988, EASY BIO has headed the know-how in various antibiotic options, cost-saving options, and animal intestine well being options beneath the banner of “Steerage for Sustainable Animal Trade” and has targeted all of its capabilities on setting out instructions for the long run eco-friendly animal business and enhancing buyer competitiveness.
EASY BIO has chalked up fast development primarily by means of its subsidiary Pathway Intermediates Restricted in the UK in such international markets as america, Canada, Spain, China, Vietnam, and Thailand. It additionally has provided a number of animal vitamin options to round 50 international locations on this planet.
This acquisition relies on the idea that Devenish Diet’s administration philosophy, which has developed and provided a wide range of technology-based options for buyer success and sustainable development, could be very effectively in keeping with EASY BIO’s mission, “The Worth-Added Answer of Feeding Tomorrow,” to offer a useful resolution to clients for sustainable livestock.
As well as, the options, applied sciences, and gross sales energy of the assorted portfolios of the 2 firms are anticipated to allow mutual strategic supplementation and synergy creation sooner or later, which is not going to solely beef up competitiveness in North America but in addition allow buyer satisfaction by means of extra various and differentiated options within the international markets.
EASY BIO CEO Stevenson Hwang mentioned, “Devenish Diet is already a number one firm within the North American market with its stable know-how and varied options. We’re assured that that is an impressive achievement and competitiveness of many proficient individuals within the firm, together with administration. EASY BIO believes it has a big accountability to completely assist Devenish Diet in order that the corporate with these strengths can proceed to develop and develop right into a market chief sooner or later by means of this acquisition.”
“On this respect, Devenish Diet will proceed to function with its present administration workforce and staff on the heart and proceed to develop with its clients and enterprise companions primarily based on the nice historical past, custom, and company tradition that its executives and staff have made,” Hwang famous.
In the meantime, Devenish Diet CEO Cory Penn mentioned, “I’m delighted now we have now accomplished this transaction. Devenish Diet is a well-established and well-recognized model throughout america and Mexico livestock business. With the assistance and assist of the EASY BIO Group, we’ll proceed to develop our footprint throughout North America with investments in individuals, analysis, and manufacturing services. The connection with EASY BIO will present Devenish Diet with vital advantages, together with further monetary sources, entry to a novel and revolutionary product portfolio, in addition to entry to further analysis capabilities.”
“We consider these further sources will finally profit all our stakeholders, together with clients, staff, and provider companions. Our enterprise is constructed round a robust worker tradition, with a give attention to delivering dietary options to assist the challenges and alternatives of our clients. EASY BIO has comparable robust values and an appreciation of staff being its strongest asset, which factors towards a really profitable enterprise that I consider will go from power to power. It’s an thrilling time for Devenish Diet’s North American enterprise,” he added.
EASY BIO plans to emphasise this goal and route as soon as once more for executives, clients, and enterprise companions of Devenish Diet and to assist the enterprise in earnest.
About EASY BIO
EASY BIO, based in 1988 and listed on South Korea’s tech-heavy KOSDAQ in 1999, has been dedicated to growing options for sustainable livestock and has been quickly rising and establishing itself within the international feed additive market. EASY BIO is the subsidiary of Simple Holdings, which operates a vertically built-in enterprise spanning your complete livestock business sector, together with biotechnology, feed components, animal feed, animal and grain farms, and meals manufacturing in a number of international locations around the globe.
About Devenish Diet LLC
Devenish Diet LLC, headquartered in Fairmont, Minnesota, is an agri-technology firm targeted on growing research-backed options for the swine, poultry, and ruminant industries. Up to now 20 years, Devenish Diet has grown from an organization of 30 staff to effectively over 200 staff to this point. Devenish Diet at the moment has 4 manufacturing services and 4 analysis services in america, and one manufacturing facility and two analysis services in Mexico.
EASY BIO
Title/Title: Yong Gained Shin / Director
Phone quantity: +82-10-5368-3349
E-mail: [email protected]
