Acquisition will Strengthen Novus’s Portfolio in the Livestock Feed Industry and Expand Global Reach
St. Louis, MO, December 10, 2009 - Novus International, Inc. announced today its intent to acquire the Animal Nutrition Division of Albion Laboratories Inc, a company based in Clearfield, UT. Terms of the proposed deal were not disclosed.
Products from the acquisition will align with Novus’s MINTREX® chelated trace mineral products and further expand its mineral technology. When complete, this acquisition will enable Novus to offer its customers and the animal agriculture market an expanded chelated trace mineral product portfolio to support their livestock operations.
Since its establishment in 1956, Albion has been an innovator in mineral chelate nutrition. Albion manufactures highly bioavailable nutritional mineral forms and has a long-standing customer base in both the beef and dairy markets.
Geographically, Albion is primarily present in the animal organic trace mineral industry in the U.S., Europe, the Middle East and Japan. The combined geographic and market presence will provide Novus the opportunity to offer new customers a wide range of health through nutritional products, programs, and solutions.
“The intent to acquire Albion’s animal division is consistent with the direction Novus has taken to work with industry partners to achieve greater production efficiencies and minimize environmental impact,” said Giovanni Gasperoni, Executive Vice President, Novus International. “Novus will continue to fully support and invest in its MINTREX® chelated trace mineral technology. Albion will be viewed as an additional line to support the industry’s movement to superior, well-defined and efficacious chelated mineral solutions.”
Novus's current products include amino acids, chelated trace minerals, feed preservatives, and other nutrition and health products for the animal agriculture, companion animal, human and industrial markets. Key areas of focus include helping customers improve, increased supply of animal protein to meet global demands, sustainable agriculture practices, use of local by-products, food safety, animal welfare, and animal health and nutrition.