Cascavel, PR - Brazil, May 9, 2024 – Innovad Group, a global leader in animal nutrition and health solutions, announces the acquisition of Oligo Basics, a renowned player in Brazil's nutritional feed additives market. This strategic move not only reinforces Innovad Group’s presence in Brazil but also synergizes the extensive product portfolios of both entities.
Forging innovation and partnership
By combining Innovad Group's diverse offerings with Oligo Basics' local expertise, the partnership aims to deliver unparalleled natural solutions tailored to the evolving needs of customers. Ben Letor, CEO of Innovad Group, emphasizes: "This acquisition underscores our commitment to innovation and sustainable growth, aligning with our recent strategic expansion efforts into primary/natural ingredients, including the acquisition of Herbonis. With Oligo Basics’ local team and local manufacturing unit, we are dedicated to establishing a robust foothold in Brazil and nurturing long-term partnerships locally."
Expanding opportunities for customers
Joan Torrent, Technical Director and co-founder of Oligo Basics, expresses enthusiasm about the integration: "Joining forces with Innovad Group not only amplifies our product reach but also unlocks new market opportunities. We are excited to leverage synergies and offer enhanced solutions to our customers."
Overall, the acquisition of Oligo Basics underscores Innovad Group's commitment to delivering value, driving innovation, and fostering strong partnerships in Brazil, the Americas and beyond. While also aligning with the group’s broader strategy of offering sustainable and effective solutions to the animal production industry.
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