ADM and Alltech to Create North American Animal Feed Joint Venture
ADM and Alltech announced on Wednesday a definitive agreement to form a North American animal feed joint venture. the joint venture brings together 44 feed mills across the US and Canada.
As part of the arrangement, Alltech will contribute its US-based Hubbard Feeds and Canada-based Masterfeeds businesses (18 mills in the US and 15 in Canada) while ADM will add its 11 US feed mills. Alltech will hold a majority stake in the venture, which will be governed by a board
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