The animal health company, Alltech, has agreed to acquire Keenan, the farming solutions manufacturer which is widely recognised for its farm mixer wagon, also known as a “green machine”.
The Keenan purchase, which is the 14th acquisition for Alltech globally since 2011, brings together “two great Irish, globally-minded companies”, according to a statement issued by Alltech, who have a strong commitment to the poultry sector.
“Between Alltech’s primacy in science and Keenan’s manufacturing strength and technological know-how, we have a winning combination for delivering greater farm efficiency and profitability direct to our farming customers,” said Alltech president, Dr Pearse Lyons.
He also said the two parties have already identified possible growth opportunities together, which may include nutritional technologies and feeding programmes focused on feed efficiency and health as well as advanced ration formulation.
Keenan will continue to be headquartered in Borris, Co. Carlow, Ireland. Together, Alltech and Keenan employ nearly 300 people in Ireland and close to 5,000 globally.