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KMG Chemicals in Agreement with R&D LifeSciences to Distribute Animal Feed Additive Products
HOUSTON--(BUSINESS
WIRE)-- KMG
Chemicals, Inc. (NASDAQ: KMGB), a global provider of
specialty chemicals in carefully focused markets, today
announced that it has signed a distribution agreement
with R&D LifeSciences, LLC (“R&DL”), an innovative
biotech product company, to distribute R&DL’s product
line of animal feed additives in North and South
America.
Randy Berry, General Manager of KMG Chemicals’ Animal Health business, commented, “R&DL has developed an exclusive, patent-pending technology that will allow us, through our distributors, to offer farm-specific, alternative products to antibiotics that can be administered with the animals’ feed. The product offering also includes digestion, growth and performance enhancing products administered via the watering systems in dairies, poultry facilities, swine barns and feed lots.” David Zehendner, President and CEO of R&DL, commented, “We are pleased to partner with KMG to distribute our expanding animal feed products line including Zymace™, Lactomace™ and Protemace™. KMG was our obvious first choice due to its strong market presence and excellent reputation and its immediate and direct access to major feed companies and distributors. We also welcome KMG’s technical and marketing support as we work together to grow the feed additive business. We look forward to working with KMG in building the market for our current product line, second generation products now in the works and others as they are developed.” Mr. Berry concluded, “We are excited to be able to introduce this new product offering to our customers. Growing our Animal Health segment beyond ectoparasiticides is one of our corporate goals. We have an extensive distribution channel partner network in North America serving poultry and livestock growers, and are developing a network in Latin America. In addition to adding these feed-enhancement products into our existing Animal Health business, we see other opportunities to further expand our product offering by leveraging the distribution network we have developed.”
About KMG KMG
Chemicals, Inc., through its subsidiaries, produces and distributes
specialty chemicals to carefully focused markets.
The Company grows by
acquiring and optimizing stable chemical product lines and
businesses with established production processes. Its current operations are
focused on the wood treatment, electronic, and agricultural chemical
markets.
For more
information, visit the Company's web site at www.kmgchemicals.com. The information in this
news release includes certain forward-looking statements that are
based upon assumptions that in the future may prove not to have been
accurate and are subject to significant risks and uncertainties,
including statements as to the future performance of the company.
Although the company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance
that such expectations or any of its forward-looking statements will
prove to be correct. Factors that could cause results to differ
include, but are not limited to, successful performance of internal
plans, product development acceptance, the impact of competitive
services and pricing and general economic risks and
uncertainties.
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