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2016-02-05

AB Agri : AB Agri Expands With Agrokorn Acquisition

Acquisition signals entry into new generation proteins market.

(Pressat) - Leading British animal nutrition and agricultural services groupAB
Agriis growing its capabilities in the fast-developing field of alternative
proteins with the acquisition ofAgroKorn.

The deal sees the Danish developer and producer of animal nutrition products,
premix, milk replacers and alternative proteins join AB Agri's growing
community, although AgroKorn's mink business has not been acquired.

The acquisition demonstrates AB Agri's intent to bring new generation proteins
to the animal feed market, and is in direct response to customers' increasing
need for high quality protein ingredients that have a strong technological
component.

The two businesses see great potential in developing new markets for
AgroKorn's innovative Alphasoy 530 and 510 feed material across South East
Asia, Latin America and key European regions.

AB Agri will also develop the sales potential of AgroKorn's successful premix
and milk replacer ranges, a mainstay of the AgroKorn product offer, and
invest in the Danish site.

David Yiend, CEO of AB Agri, comments: "As a business, and as an industry, we
are working hard produce more food for more people using fewer resources. The
expertise and capability of the AB Agri team, allied to AgroKorn's, will
accelerate our mission to move agriculture further forward.

"As AB Agri continues its rapid growth, our culture of curiosity and
entrepreneurship will see us bring even more technically-advanced products
and services to market to support the livestock, aqua and pet sectors, and
indeed the entire agri-food supply chain from farmer to retailer. We are
confident that our new generation proteins platform has the potential to
benefit the worldwide industry."

AgroKorn Sales and R&D Director, Dennis Jørgensen, who will now lead the
business commercially, comments: "AgroKorn has established strong commercial
relationships within Denmark, and has increasingly been seeking markets
outside of the country.

"This development means we will be supported by the resources and skills of AB
Agri and its parent,Associated British Foods plc
. Alternative Proteins have excellent potential in the livestock industry, and
we look forward to combining the commercial capabilities of AgroKorn and AB
Agri to expand into new international markets with our product portfolio."

-Ends-

NOTES TO EDITORS:

About AB Agri

AB Agri is a £1.2 billion animal nutrition and agricultural services business,
part of Associated British Foods.

AB Agri operates across the agri-food supply chain from research to retailer,
straddling high performance compound feeds and feed co-products from the
food, drink and biofuels industries, feed micro-ingredients, analytical and
consultancy services, livestock and poultry marketing.

AB Agri began in 1984, working with British Sugar to take bi-product from
sugar factories and convert it into nutritious and cost effective animal
feed. The business has rapidly expanded through acquisition, technological
expertise, nutritional innovation and market development. AB Agri now employs
more than 3,000 people and supplies products and services to farmers, feed
and food manufacturers, processors, and retailers selling products in more
than 70 countries.

More information at
www.abagri.com

About AgroKorn

AgroKorn was founded in Denmark in 1994 by Anton Aarup and has grown into a
successful and profitable animal feed business, selling traded commodities,
liquid vitamins, premix, milk replacers and more innovative products, notably
Alphasoy 530 and 510.

More information at
www.agrokorn.dk

Contact:

David Manning, Head of Communications, AB Agri
e: david.manning@abagri.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AB Agri via Globenewswire

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