Formerly
Kiotech International, Anpario Plc has increasedits profits for 2011. This is the international supplier of natural
high-performance feed additives that enhance growth, health and
sustainability in agriculture and aquaculture.
Underlying profit, before tax, increased to UK£2.1 million from UK£1.9 million in 2010 from revenues of UK£19.2 million (2010: UK£21.6 million).
“This has been another successful and encouraging year for the group. The performance is driven by two key factors: firstly the success of our strategy to reposition the UK business to focus on higher margin products; and secondly achieving the synergy benefits from the Optivite acquisition,” says Anpario's chief executive David Bullen.
Its broad geographic spread enabled the company to offset local issues in Middle Eastern and Southern European markets with strong performances in other territories.
Operations – UK Agriculture
Strategic alliances have been formed with some significant UK agribusinesses providing the group with the opportunity to accelerate market penetration of its specialty feed additive range.
Underlying profit, before tax, increased to UK£2.1 million from UK£1.9 million in 2010 from revenues of UK£19.2 million (2010: UK£21.6 million).
“This has been another successful and encouraging year for the group. The performance is driven by two key factors: firstly the success of our strategy to reposition the UK business to focus on higher margin products; and secondly achieving the synergy benefits from the Optivite acquisition,” says Anpario's chief executive David Bullen.
Its broad geographic spread enabled the company to offset local issues in Middle Eastern and Southern European markets with strong performances in other territories.
Operations – UK Agriculture
Strategic alliances have been formed with some significant UK agribusinesses providing the group with the opportunity to accelerate market penetration of its specialty feed additive range.
Vitrition, the company's organic
feed brand, delivered growth in profits.
"This
performance is particularly commendable as the challenges of the
economic climate increased during the year as consumers switched to
purchasing lower priced meat and traditional meat protein
products," says Mr Bullen.
Operations – International Agriculture
The division continues to trade through its two complementary brands, Kiotechagil and Optivite, covering in excess of 60 countries. This linked approach helps smooth out some of the trading peaks and troughs which are inevitable in a global business. 2011 was particularly volatile and our reaction to these challenges has been to take a cautious view when offering credit and we have worked closely with our distributors, to ensure neither party is exposed to vulnerable companies along the supply chain.
Whilst we are cautious in relation to Europe and the Middle East owing to the continuing turmoil, the division is confident and focused on capturing opportunities in the higher growth regions, especially China and Brazil where the agricultural markets are vast. We are also endeavouring to launch a number of new products to our distributors, which we believe have strong differentiation compared to the competition. By pooling the resources of Optivite and Kiotechagil we have strengthened and centralised the technical team which has accelerated our R&D efforts.
Significant progress was achieved in China with our wholly owned subsidiary beginning to generate profit within eighteen months of being established, enabling future growth initiatives to be self-financing. The subsidiary continued to successfully gain national registration approvals for key products such as Neutox, a high performance, broad spectrum toxin binder for animal feed and Prefect, a gut conditioner and microbial optimiser for young pigs, particularly in high stress environments. These have received a positive reception in the market and will be key drivers of future growth for the subsidiary.
Acquisition
The division continues to trade through its two complementary brands, Kiotechagil and Optivite, covering in excess of 60 countries. This linked approach helps smooth out some of the trading peaks and troughs which are inevitable in a global business. 2011 was particularly volatile and our reaction to these challenges has been to take a cautious view when offering credit and we have worked closely with our distributors, to ensure neither party is exposed to vulnerable companies along the supply chain.
Whilst we are cautious in relation to Europe and the Middle East owing to the continuing turmoil, the division is confident and focused on capturing opportunities in the higher growth regions, especially China and Brazil where the agricultural markets are vast. We are also endeavouring to launch a number of new products to our distributors, which we believe have strong differentiation compared to the competition. By pooling the resources of Optivite and Kiotechagil we have strengthened and centralised the technical team which has accelerated our R&D efforts.
Significant progress was achieved in China with our wholly owned subsidiary beginning to generate profit within eighteen months of being established, enabling future growth initiatives to be self-financing. The subsidiary continued to successfully gain national registration approvals for key products such as Neutox, a high performance, broad spectrum toxin binder for animal feed and Prefect, a gut conditioner and microbial optimiser for young pigs, particularly in high stress environments. These have received a positive reception in the market and will be key drivers of future growth for the subsidiary.
Acquisition
On 29 March 2012 the
Company acquired 100% of the share capital of Meriden Animal Health
Limited for a total consideration of up to UK£4.1 million before costs.
Meriden's sales for the 12 months to December 2011 were UK£5.3 million and
adjusted profit before interest and tax was UK£0.7 million.
Meriden’s Orego-Stim range of products, using essential oils, is the leading brand in its field and is marketed across 60 countries worldwide, with the majority of sales being outside the United Kingdom.
Meriden has a close and important partnership in China with sales accounting for 26% of Meriden’s total sales during 2011. Anpario intends to give further support to this relationship to capitalise on the vast potential of China’s agriculture market.
The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. And blogs are written by the staff of Grain & Feed Milling Technology daily. Get your copy of 'PPLAPP', our mobile web application which will allow you to view this blog and other useful information while on the move.
Meriden’s Orego-Stim range of products, using essential oils, is the leading brand in its field and is marketed across 60 countries worldwide, with the majority of sales being outside the United Kingdom.
Meriden has a close and important partnership in China with sales accounting for 26% of Meriden’s total sales during 2011. Anpario intends to give further support to this relationship to capitalise on the vast potential of China’s agriculture market.
The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. And blogs are written by the staff of Grain & Feed Milling Technology daily. Get your copy of 'PPLAPP', our mobile web application which will allow you to view this blog and other useful information while on the move.
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