Amlan International Becomes Full Operating Owner of Agromex, Strengthening Market Presence in Mexico
27 Junho 2023 - 5:20PM
Amlan® International, the animal nutrition and health business of
Oil-Dri® Corporation of America (NYSE: ODC), a global leader in
mineral science for over 80 years, is pleased to announce the
completion of its acquisition of the remaining non-controlling
interest of Agromex Importaciones, S.A. de C.V. on May 12, 2023.
Amlan now holds 100% ownership of its subsidiary in Mexico, further
solidifying its position in the Mexican market.
Oil-Dri initially acquired a majority share in Agromex
Importaciones in 2018, establishing a presence in Mexico's animal
health industry. Building on this successful partnership, Amlan has
taken this strategic step to instill confidence in their customers
and leverage the full potential of Agromex to accelerate its growth
in the region. This ownership structure reinforces Amlan’s
commitment to providing the market with the highest standards of
operational excellence as a reliable partner in animal production,
offering proven products and superior technical service.
With this acquisition, Agromex will benefit from the leadership
of a new Board of Directors consisting of industry experts and
seasoned professionals. Dr. Wade Robey, President, Amlan
International, and Vice President of Agriculture, Oil-Dri
Corporation of America has been appointed as the Chairman of the
Board. Dr. Robin Jarquin, Regional Director Latin America, will
oversee the operations of Agromex, ensuring a seamless transition
and continued success of the subsidiary.
“The poultry industry in Mexico is significant with
approximately 46 million broilers processed weekly. Although a
substantial portion of the poultry industry in Mexico already uses
mycotoxin binders, tremendous growth is still possible. With rising
feed prices, at times uncertain grain quality, and the consumers’
desire to remove antibiotics when possible, the products
in our portfolio can deliver real value to producers. With
this recent change of Agromex’s ownership and sales strategy,
we expect to grow Amlan’s business in Mexico rapidly over the next
three years,” said Dr. Robin Jarquin.
Agromex will maintain its core focus on selling Amlan’s
portfolio of innovative feed additives including Varium® and
NeoPrime®, our patented formulations designed to promote efficiency
for poultry and swine; Phylox®, a natural alternative to
anticoccidial drugs and vaccines; Calibrin® -Z to defend against a
broad spectrum of biotoxins; and Calibrin® -A to rapidly bind
aflatoxin. By leveraging mineral technology, our products optimize
intestinal health to help enhance animal performance, productivity,
and overall well-being.
“We are excited about the prospects this acquisition brings and
are eager to further strengthen the relationship with our customers
in Mexico,” said Heath Wessels, Vice President of Sales, the
Americas. The combined expertise and resources of Amlan, Oil-Dri
and Agromex will contribute to the continued success and growth of
our business in Mexico.
Product availability may vary by country. Associated claims do
not constitute medical claims and may differ based on government
requirements.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c3305a48-09e8-4fd2-9b24-fb3c6a91eacc
Media Contact
Reagan Culbertson
VP, Strategic Marketing
Press@amlan.com
Oil Dri Corp of America (NYSE:ODC)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Oil Dri Corp of America (NYSE:ODC)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024