Hi Peak Feeds, the Killamarsh-based specialist organic feed manufacturer, has been acquired by Belfast-based agricultural technology company Devenish Nutrition.
Devenish produces food for pigs, poultry, ruminants, pets and horses, while Hi Peak produces organic feed for cattle, pig, sheep, chickens and turkeys.
Devenish Nutrition’s chief executive Patrick McLaughlin described the acquisition as: “a fantastic opportunity for both companies to showcase further and expand their innovative nutritional and technical offering in the GB market.”
Hi Peak director, Ian Proctor and his sister Karen Hotchin will continue to develop the business, following the acquisition.
Meanwhile, Devenish is planning significant short and medium term investment in Hi Peak.
Both companies hailed the acquisition and future investment plans as a demonstration of confidence and potential in the agricultural sector in Ireland and the UK. Devenish says the purchase is an opportunity to get closer to and enhance the product and service offering to UK customers.