Zinpro Corp. will be acquiring two leading companies in water-soluble-based animal nutrition and nutrition support products, including Paragon Specialty Products (PSP) LLC of Rainsville, Ala., and CouvLotta LLC, of Rockport, Texas. The anticipated close date for acquisitions is Nov. 1, 2018.
Founded in 1965, Zinpro is the industry leader in trace mineral nutrition for livestock, equine, aqua, pet and poultry. Zinpro is a family-owned, privately-held company much like PSP and CouvLotta. Zinpro focuses on performance trace minerals for animal nutrition. PSP was established in 1999 for poultry and swine, providing water acidifiers, vitamins and nutritional supplements. CouvLotta was formed in 2015 and produces antibiotic-free nutritional support products and programs. These products target specific species, such as cattle, swine, poultry, aquaculture and pet, as well as production systems.
“All of us at Zinpro Corporation are very excited to join with these two U.S. companies to grow our global performance-trace-mineral nutrition business,” says Bill Scrimgeour, president and chief executive officer of Zinpro. “Both additions to our company provide innovative, customizable and proprietary nutritional solutions for improved animal wellness and performance and nutritional support products for optimizing animal care.”
Joining PSP and CouvLotta with Zinpro is a beneficial collaboration for all three businesses. Joey Couvillion, co-founder of CouvLotta and PSP, is excited about the merger, since combining knowledge from each company is expected create more momentum to develop new animal-nutrition products.
Lane Lott, co-founder of CouvLotta, is also looking forward to the companies uniting. Joining each company’s understanding of water delivery systems, specialty ingredient sourcing, quality and risk mitigation programs and nutritional antibiotic alternatives will create an even stronger force with Zinpro’s global presence and capability, as well as their performance in trace mineral nutrition.
Both PSP and CouvLotta will remain based in their current locations with existing staff. Terms and conditions of the agreement have yet to be released.