PAI Partners has agreed to acquire Innovad Group, a global supplier of animal feed additives, from IK Partners, with plans to accelerate growth and expand the company's reach in the specialty animal feed market.

Information on the Target

Innovad Group is a leading global provider of animal feed additives, recognized for its comprehensive solutions in animal health and nutrition. The company specializes in addressing the needs of various animal segments, including poultry, ruminants, swine, and companion animals. Headquartered in Antwerp, Belgium, Innovad operates with a diverse range of high-value specialty additives aimed at enhancing gut health, immunity, and mycotoxin control. With a client base of approximately 900 customers spread across 75 countries, the company has established a strong international presence with six production facilities.

Under the leadership of CEO Ben Letor, Innovad has successfully executed a growth strategy that resulted in double-digit revenue increases since its acquisition by IK Partners in 2021. The strategic focus on expanding into primary ingredients, offering solutions tailored to client needs, and exploring new markets has set the foundation for ongoing success. The management team is now poised to continue building on these achievements under the new ownership of PAI Partners.

Industry Overview in Belgium

The animal nutrition and feed additives industry in Belgium is characterized by its innovation and adaptability, playing a critical role in supporting global agriculture. The sector is driven by the increasing demand for high-quality food products, cu