Kiotech, the international supplier of natural high-performance feed additives, is urging its shareholders to approve the merger at a meeting on 30 September 2009.
“Combining Kiotech and Optivite will create a stronger company and allow us to pool resources offering our customers access to a broader range of products and technical support,” said Kiotech chief executive Richard Edwards.
“As both the Optivite and the Kiotechagil brands have significant value, both brands will be retained in the market place, supported by their respective teams.”
Optivite chairman Richard Scragg will join the board subject to shareholder approval. He added: “We will also have more resources for new product development” enabling faster access to new products.
Optivite Group is one of the UK’s largest independent animal nutrition and feed additive businesses, with a turnover approaching £18m. Its products include organic feeds, premixes, fatty acids, concentrates and enzymes. The range also includes an omega-3 fatty acid supplement for the pig, poultry and ruminant markets.
Kiotech is a manufacturer and global supplier of natural feed additives. Its products include acidifiers and feed stabilisers such as Salkil, pHorce and Sorbatox – primarily used in the pig and poultry markets.