ADM and Alltech Form Animal Feed Joint Venture

By Hao Liu • Wednesday, September 24 10:27 • Permanent Link

ADM (NYSE: ADM) and Alltech have announced a definitive agreement to launch a North American animal feed joint venture, combining their expertise and capabilities to create new advantages for customers. The joint venture will be majority-owned by Alltech and will be governed by a board with equal representation from each parent company.

Alltech will contribute its U.S.-based Hubbard Feeds and Canada-based Masterfeeds businesses, including 18 feed mills in the U.S. and 15 in Canada, while ADM will contribute its 11 U.S. feed mills. The companies expect to complete the transaction and formally launch the joint venture in the first quarter of 2026.

The new venture aims to offer an industry-leading range of products and solutions for livestock, equine, backyard, and leisure animals. Alltech will retain its Ridley Block Operations, Ridley Feed Ingredients, and Alltech Specialty Ingredients as partners and suppliers to the joint venture. Similarly, ADM's Canadian locations and U.S. premix and additive businesses will remain with ADM, contributing capabilities and products to the new company.

Both companies have emphasized their commitment to partnering with customers, offering personalized service and nutrition expertise to tailor products and solutions. The joint venture will leverage the parent companies' leading-edge technology and research and development, broad logistical capabilities, and connections across the broader ag and feed value chains.

ADM, a global leader in innovative solutions from nature, provides an extensive portfolio of ingredients and solutions for human and animal nutrition. Alltech, founded in 1980, delivers sustainable solutions for agriculture and is a global leader in the agriculture industry, producing specialty ingredients, premix, supplements, feed, and biologicals.

The new joint venture is expected to bring together passionate teams, proven products, and shared values to ensure enhanced advantages for customers. With the combined expertise of ADM and Alltech, the joint venture aims to offer broader capabilities, more products, and new innovative solutions, all delivered with the relationships and service customers have come to expect. Today the company's shares have moved 1.4% to a price of $60.70. Check out the company's full 8-K submission here.

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