St. Louis-based company Novus International announced a couple of major acquisitions this week.
Novus International, Inc. announced today that it has acquired IQF-ENAMEX and its sister company, Operadora ENAMEX, both based in Córdoba, Mexico from Grupo Porres and other shareholders. IQF- ENAMEX produces feed carotenoid pigments, mineral and vitamin premixes, anti-caking agents and mold inhibitors. Novus also announced it has acquired the IQF Group, including Carotenoid Technologies, S.A. and Investigaciones Químicas y Farmacéuticas, S.A. based in Tarragona, Spain and IQF-ENAMEX, S.A. de C.V. based Córdoba, Mexico.
IQF-ENAMEX (IQF Enamex Group) was established in 2001 through a merger with the IQF Group. IQF was established in 1970 and has a customer base extending across more than 60 countries. The acquisition of IQF-ENAMEX enables Novus to expand their product offering for new and existing animal agriculture customers in Mexico and in Latin America.
“We are very excited about this acquisition as it will take Novus into a world leadership position in natural pigments as well as in new geographical segments which will benefit our customers and our industry,” said Giovanni Gasperoni, Executive Vice-President, Marketing and Sales, Novus International, Inc. “These products are very high quality and they are a natural, complementary extension of our existing product portfolio.”
IQF-ENAMEX’s natural feed additives can be mixed with feed to enhance meat and egg nutrition and color. Feed carotenoid pigments from the acquisition, with their natural antioxidant properties, align with Novus’s feed preservative and dietary antioxidant product families. IQF-ENAMEX is currently active with complementary product lines in the poultry, ruminant and pork markets. Key brands include: Enacol®, Desmycotox®, Enamold®, PMX Vitaminica®, Inclorfos® and Canthacol.®
This is the third acquisition Novus has made in recent months. Novus recently announced the acquisition of IQF Group, which followed its acquisition of the Animal Nutrition Division of Albion Laboratories in December 2009. The acquisition of Albion’s Animal Nutrition Division expanded Novus’s existing chelated trace mineral offering, particularly to the beef and dairy industries.