ADM and Alltech have formed a joint venture to create a North American animal feed company, combining their production capabilities and expertise to enhance market offerings, with an expected launch in Q1 2026.

Target Company Overview

ADM (Archer Daniels Midland Company) and Alltech have announced a joint venture focused on animal feed production in North America. Alltech will contribute its Hubbard Feeds business situated in the United States and the Masterfeeds business in Canada, encompassing a total of 32 feed mills across the two countries. Meanwhile, ADM will provide its 11 U.S. feed mills to the partnership. The venture will be predominantly owned by Alltech, with governance equally shared between the two parent companies.

Industry Overview in North America

The North American animal nutrition industry is currently experiencing significant transformation, driven by the growing global population and increased demand for sustainable food sources. With advancements in nutrition science and production techniques, organizations within this sector are leveraging deep industry expertise to meet these changing needs. Companies are increasingly focused on enhancing their product offerings and services to ensure improved health and performance for livestock, equine, and leisure animals.

In the U.S. and Canada, the animal feed market is characterized by a mix of established players and innovative start-ups, all striving to expand their reach and improve sustainability practices. The market is also influenced by tr