[Click e-Stock] "EasyBio Expanding Influence in North American Livestock Market"

On January 22, Eugene Investment & Securities analyzed that, in the case of EasyBio, it is important to focus not only on short-term performance but also on expanding its influence in the North American livestock market.

Heo Junseo, a researcher at Eugene Investment & Securities, stated, "In January of this year alone, EasyBio has materialized its strategy to expand its affiliates and sales network through two small-scale mergers and acquisitions (M&A). The company is also pursuing a North American business expansion strategy, including the recruitment of new members for the Devenish commercial team."

He added, "The key to growth lies in the expansion strategy for the North American market. Biomatrix, acquired by Pathway USA, owns production facilities and coating technology." He further emphasized, "There is potential for synergy through the upgrade of existing product lines and the sharing of production facilities. Nutribins, acquired by Devenish, has high-quality additive raw material sourcing channels and a specialty product lineup."

He stated, "We expect synergy between the use of Devenish's production facilities and its sales channels. Biomatrix, which is currently operating at a loss, aims to turn a profit within this year, while Nutribins is expected to contribute between 2 billion and 2.5 billion won in annual profit."