Zoetis Inc., a former business unit of Pfizer, today announced the completion of an agreement to purchase substantially all of the assets of Advanced Food Technologies LLC, a company that provides innovative food safety and animal care products to meat and poultry processing customers.
The acquisition will allow Zoetis to integrate Advanced Food Technologies' products into its existing business and enter into a complementary space where it has not competed before in the food safety sector. Financial terms of the agreement were not disclosed.
Advanced Food Technologies (AFT) is a privately owned, specialty chemical company for food processors. It provides post-harvest, food safety solutions and services in meat and poultry processing, along with offering hoof care products for the dairy industry. This acquisition adds new technology to the Zoetis portfolio of vaccines, medicines, diagnostics and genetics, and it underscores the company's commitment to helping its customers ensure a safe, sustainable food supply.
"This acquisition is a great addition to the diverse portfolio of products and services that we use to support our customers," said Clint Lewis, executive vice president and U.S. president for Zoetis.
"Zoetis has a long proven history of delivering innovative products for the production of healthy farm animals. With AFT's products, we will now provide proven food safety technologies in processing facilities for use after these animals are harvested."
"We are excited for the opportunity to leverage Zoetis' scale and reputation to further the reach and impact that the AFT products can have on the quality and safety of meat and poultry for consumers," said Denny Smithyman, president of Advanced Food Technologies.
With this acquisition, Zoetis now adds trusted brands such as Aftec 3000 (buffered hydrogen sulfate) and Hoof-Tec Complete® to its portfolio. These products will allow Zoetis to provide greater support and solutions for meat processors and animal health customers.
Along with offering new products, Zoetis also will extend its service offerings for the food safety industry. New services include chemical dosing systems and application equipment designed to ensure maximum effectiveness and ease of use; training and hazard analysis and critical control points (HACCP) support for operators; quality assurance workers and maintenance personnel trained at start up; and integrated plant-wide food safety solutions for meat and poultry plants.
"As always, our customers can expect to benefit from the skill and expertise of our field teams; our variety of programs and services; our commitment to the research and development of new and innovative products; and our enduring support to help our customers achieve greater business productivity and long-term success," Lewis said.
As Zoetis begins the integration process, its highest priority is to maintain its commitment to customers and ensure uninterrupted service.