Archer Daniels Midland Company (ADM) has completed its acquisition of Probiotics International Limited -- known under its umbrella brand Protexin -- a UK-based manufacturer of innovative research-based, natural healthcare and probiotic supplements for human, pet and production-animal use.
The £185 million deal is the latest in a series of investments as ADM continues to expand its wide portfolio of health and wellness offerings for both human and animal nutrition customers.
ADM Protexin Limited, as the company will now be known, produces innovative, research-based probiotics, including its popular Bio-Kult® and Lepicol® brands. Protexin also offers a variety of natural products and probiotic supplements for the veterinary, agriculture and equine healthcare markets.
"Protexin is an ideal addition to ADM’s established Health & Wellness business, which already includes a comprehensive range of ingredients such as bioactives, botanical extracts and specialty nutritional oils," says Vikram Luthar, president, ADM Health & Wellness.
Last year, ADM acquired Biopolis – a leading provider of microbial technologies – and it has since announced a number of other research and development partnerships in the prebiotics and probiotics, personalized nutrition and animal health enzyme spaces.
