Easy Holdings Acquires US Feed Company 'First McNess'

[Asia Economy Reporter Jo In-kyung] Easy Holdings, the holding company of meat processing company Maniker, announced on the 27th that it has signed a contract to acquire 100% of the shares of the US feed company First McNess.

This contract was made through Easy USA Holdings, jointly invested by Easy Holdings and its subsidiary Farm Story. Easy Holdings did not disclose the acquisition amount.

Founded in 1908, First McNess is a livestock company with a 113-year history that produces animal feed and functional feed additives and supplies them to North America, Asia, and Central and South America. It has a pig farming research farm with a capacity of 5,500 heads in Iowa, USA, and its sales this year are expected to reach $400 million (approximately 461.8 billion KRW).

An Easy Holdings official said, "By combining First McNess's solid business foundation established in the North American region with our feed additive technology, we expect to create great synergy in a short period of time."