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Purchase by Kemin involves pair of ADF plants in Verona

Thursday, April 28, 2011

DES MOINES, Iowa -- American Dehydrated Foods, Inc. (ADF) and Kemin Industries, Inc., have announced an agreement on acquisition terms allowing Kemin to purchase property, equipment and assets related to ADF's spray drying technology for products used in premium and super-premium pet food.

ADF, a sister company to International Dehydrated Foods, is one of two major industries with plants located in Verona. Two of ADF's operations in Verona were involved in the sale: the Verona South spray dried meat and digest facility and ADF's research facility.

Kemin is a global, privately-held corporation headquartered in Des Moines, Iowa. Kemin manufactures and distributes approximately 500 specialty ingredients worldwide to the feed and food industries as well as to the health, nutrition and beauty markets. Kemin ingredients are used by more than 1.3 billion people a day.

Kemin has experienced double-digit growth in the last several years. The company has more than 1,200 employees and operates in 60 countries with manufacturing facilities in Belgium, Brazil, China, India, Italy, Singapore, South Africa and the United States.

According to the transaction announcement, Kemin will continue to manufacture and distribute some of ADF's existing product lines produced in Verona. The new owner plans to install new processing equipment that will allow the manufacture of Kemin's premium Palasurance brand of palatant products.

"By combining ADF's spray drying technology with Kemin's Palasurance brand of palatants, we will be in a position to provide pet food manufacturers with the best palatant technology and performance available," said Giuseppe Abrate, president of Kemin Nutrisurance, the company's pet food division. "We have long been impressed by ADF and their operation and look forward to welcoming the ADF employees at the Verona South plant to the Kemin family."

At the completion of the transaction, ADF will continue to own and operate drying facilities at the Verona North plant in Verona and at its plant in Social Circle, Ga.

ADF will continue operations in its seven other locations and maintain its role as a global leader in the manufacture and sale of spray-dried egg and chicken products for the premium and super-premium pet-food industry.

"We are confident that the Verona South employees will flourish under Kemin's global growth strategy," said Kurt Hellweg, president and chief executive officer of American Dehydrated Foods. "Following the sale, ADF will continue to produce its remaining lines of high quality protein and fat ingredients for our customers in the pet food industry."

Founded in 1961, Kemin Industries is celebrating its 50th anniversary of providing "inspired molecular solutions" specifically developed to provide nutrition and health benefits for humans and animals.

Founded in 1978, ADF has led the pet food industry in developing unique processes to supply high quality petfood ingredients. Since inception, ADF has been a market leader in the pet food ingredients industry with unique and innovative product offerings and currently offers a broad array of high quality pet food ingredients in six distinct spray-dried product lines.



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