Fermenta Biotech US-subsidiary acquires majority stake in AGD Nutrition LLC by admin- Thursday, December 3rd, 2020 04:53:01 PM
Fermenta Biotech introduced that its utterly owned subsidiary Fermenta Biotech USA LLC (FBU), Wilmington, DE, has received a fifty two% stake in a US-based totally diet company, AGD Nutrition LLC (AGD), founded in Nacogdoches, Texas. The deal would combine the expertise of each businesses and result in synergies in an effort to deliver in greater operational abilties to decorate FBL’s footprint within the US market.
This collaboration will couple FBL’s competence in manufacturing and purchaser-driven innovation with AGD’s distribution strength inside the US, which is a geography that commands a giant percentage of the worldwide human and animal vitamins marketplace. AGD, a longtime participant in the diet market on account that 2002, may be instrumental in paving the manner for FBL to advantage extra purchaser get entry to thru its deep knowledge of the North American market.