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Devenish sells N. America division to Korean giant

22 March 20242 min reading

Devenish Nutrition Group, based in Belfast, Northern Ireland, has finalized the sale of its North America division, Devenish LLC, to South Korean agricultural conglomerate Easy Bio Corporation. Devenish LLC will maintain exclusive use of the Devenish brand in the USA, Canada and Mexico.

Devenish Nutrition Group, an animal nutrition company based in Northern Ireland, has finalized the sale of its North America division, Devenish LLC, to South Korean agricultural company Easy Bio Corporation. In the wake of this transaction, Devenish intends to utilize the proceeds to redeem debt and invest in its core activities in northwest Europe and other international markets.

Tony McEntee
Chief Executive of
Devenish Nutrition Group

Tony McEntee, Chief Executive of Devenish Nutrition Group, expressed satisfaction with the agreement, noting, "Following this disposal, the Group will have a sharper business focus and will capitalize on the sustainable growth potential in our core markets of Ireland, the UK along with our significant other International markets." He added: "As a business we have worked closely with Easy Bio for many years and look forward to continuing to collaborate in the years ahead."



Stevenson Hwang
CEO of Easy Bio Corporation

Stevenson Hwang, CEO of Easy Bio Corporation, said, “The acquisition of Devenish North America is part of our strategic growth plans for the USA, Canadian and Mexican markets.” Hwang emphasized the alignment of Devenish's research-based approach with Easy Bio's business model, stating, "We look forward to continuing the strong growth achieved by the team."

Devenish LLC comprises five manufacturing facilities in the USA and Mexico and a further six research facilities which the business co-operates with a number of key customers in both USA and Mexico. Under a licensing agreement Devenish LLC will have exclusive use of the Devenish brand in the USA, Canada and Mexico.

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