Alltech and DLG Group have announced that they are finalising a joint venture to strengthen their delivery of the latest in innovative animal nutrition.
Dr Pearse Lyons, founder and president of Alltech, said: “We are excited about this next step with DLG, which is a very significant player in the agricultural industry.
“This joint venture will combine DLG’s excellence in premix manufacturing with Alltech’s field-proven nutritional solutions.
“Alltech is pursuing several collaborations in new markets focused on growth.
"We are very committed to strategic investments, organic growth, collaborative agreements and key acquisitions that secure a stronger business platform to provide forward-thinking animal nutritional solutions and on-farm support to customers across the globe.”
Russia
The joint venture follows a period of close collaboration and negotiations between Alltech and DLG, both of which have business operations across Europe.
The companies will hold a 50% share in the joint venture located in Orenburg, south of the Ural Mountains, in Russia.
Kristian Hundeboll, CEO of DLG, said: "We believe this joint venture with Alltech will ensure that we enhance our presence and increase our strength in the Russian market.
"The synergies created by this co-operation with Alltech will present our customers in Russia with innovative solutions and cutting-edge technologies to maximise their profitability, increase their competitive advantage and improve their feed efficiency."
DLG Group background
The DLG Group (DLG) is one of the largest European farm supply businesses and is owned by Danish farmers.
With a turnover of €6.6bn and 6,500 employees in 18 countries, DLG supplies farmers with animal vitamins and minerals, feed, seed grain, fertiliser and energy.
In addition, it has a significant business in the areas of grain trading and plant breeding.
DLG focuses on three core business areas: farm supply, premix and nutrition (through the Vilofoss Group) and service and energy.
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