International animal nutrition company Alltech is buying North American feed maker Ridley Inc. in a deal valued at $521 million.
Ridley Inc. comprises three operating divisions: Hubbard Feeds, Ridley Block Operations and Ridley Feed Ingredients, and one joint venture, Masterfeeds LP.
Masterfeeds LP is a partnership of Ridley Inc. and Masterfeeds Inc. that was formed in 2012.
Masterfeeds LP operates 20 feed manufacturing plants and employs more than 500 people in operations in Quebec, Ontario and the Prairies.
Ridley makes and markets animal nutrition products, including feeds, premixes, feed supplements, block supplements, animal health products and feed ingredients.
The combined Alltech-Ridley company will have a presence in more than 128 countries with 4,200 employees.
The transaction is subject to approval by Ridley shareholders, regulatory review and other customary closing conditions. The transaction is expected to close by the end of the second quarter.
Alltech is a private company headquartered in Kentucky.
darce.mcmillan@producer.com
