Alltech to combine North American feed mills with US giant ADM
Alltech, the agricultural technology and animal nutrition business founded by Irish-born Dr Pearse Lyons in Kentucky, has announced the establishment of a feed milling joint venture with New York-listed Archer-Daniels-Midland (ADM). Alltech will contribute its US-based Hubbard Feeds and Canada-based Masterfeeds businesses, including 18 feed mills in the US and 15 in Canada, and ADM will contribute its 11 US feed mills, the companies announced on Tuesday night. The joint venture will be majority-owned by Alltech and governed by a board with equal representation from each parent company. Their combined range of products will cover livestock, equine, backyard and leisure…
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