American agribusiness The Andersons Inc. announced plans Tuesday to acquire pet food ingredients supplier Bridge Agri Partners Inc.
“We are excited to expand our pet food ingredient portfolio and our physical presence in the central northern region of the US and Canada,” Bill Krueger, president of The Andersons Trade and Processing, said in a company release. “As a trusted partner in the pet food ingredient industry for many years, we are eager to offer greater options to our customers.”
The deal falls under The Andersons’ strategy to expand its core grain and fertilizer businesses, including premium food and feed offerings.
“Having worked with The Andersons for many years, I look forward to being part of a larger organization,” said Bridge Agri Partners President Darwin Rusu in a statement. “This team of skilled and experienced employees, which is among the best in the industry, has been critical to our success. Combining the market knowledge and supply chain expertise of our two companies will enhance the value we provide to current and new customers. I look forward to an exciting future with The Andersons.”
Bridge Agri Partners will continue to operate under its existing name as a subsidiary of The Andersons.