Wednesday 26 October 2016

Lyons makes a meal of Ridley


US firm Alltech, which was founded by Dundalk native Pearse Lyons, has agreed to pay almost €400m to buy a Minnesota-based animal nutrition company.

Alltech, which has interests ranging from animal feeds to beer and whiskey, will acquire Ridley in what Mr Lyons described as a "transformative transaction".

Ridley is listed on the Toronto Stock Exchange. Alltech was founded in 1980 in Lexington, Kentucky, by Mr Lyons and now has sales of $1bn (€900m)a year.

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