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IN BRIEF: Fevara signs distribution deal for Oceana’s LithoNutri

ALN

Fevara PLC - Carisle, UK-based animal feed manufacturer - Enters exclusive five-year distribution agreement with Oceana Minerais Marinhos Ltda to distribute Oceana’s LithoNutri in the Great Britain & Ireland region. Brazil-based Oceana has a portfolio of Lithothamnium seaweed-based products for animals, fertilisers and water treatment. LithoNutri is its animal nutrition product, which offers ‘a natural alternative to traditional buffering agents, addressing growing demand for sustainable livestock production.’ Fevara says LithoNutri complements its existing product portfolio. ‘The new partnership introduces a highly effective and internationally respected ruminal health and digestive performance enhancer to Fevara’s portfolio, enabling the group to deliver more integrated nutrition solutions to larger customers, whilst providing Oceana Minerals with access to the GB&I market,’ Fevara says. Adds that the deal aligns with its growth strategy to drive value by leveraging existing distribution channels, while strengthening its product offering and driving market share growth, and represents the companies’ shared commitment to long-term market development.

‘We are excited to announce this new agreement with Oceana Minerals, which further cements our position as an international specialist for research-proven livestock nutrition,’ comments Chief Executive Officer Joshua Hoopes. ‘Development of strategic distribution partnerships remains a key part of our growth strategy and where we have seen strong success, evidenced by our partnership with Seales Winslow in New Zealand. Through the combination of our well-established network and the respected LithoNutri brand, we see significant potential for this partnership in the UK and Ireland.’

Current stock price: 130.50 pence

12-month change: up 0.4%

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