Fermenta Biotech Limited (FBL), India has announced that its wholly owned subsidiary Fermenta Biotech USA LLC (FBU), Wilmington, DE, has acquired a 52% stake in a US-based vitamin company, AGD Nutrition LLC (AGD), headquartered in Nacogdoches, Texas.
The deal would combine the expertise of both companies and result in synergies that will bring in greater operational capabilities to enhance FBL’s footprint in the US market.
This collaboration will couple FBL’s competence in manufacturing and customer-driven innovation with AGD’s distribution strength in the US, which is a geography that commands a significant share of the global human and animal nutrition market.
AGD, an established player in the vitamin market since 2002, will be instrumental in paving the way for FBL to gain greater customer access through its deep understanding of the North American market.