Kiotech has been traded on the Alternative Investment Market since 2005, when it was principally concerned with marketing its Ultrabite sports fishing product. But the company experienced a significant increase in its turnover and a boost to its profitability when it bought Agil for £5.5m in the autumn of 2006. This business – formerly a division of Eco Animal Health Group Plc – focuses on the animal feed market, selling natural additives that target a range of animal infections. It also supplies products to improve biosecurity on farms.
A further boost to turnover and profits is expected to be achieved by the recently-proposed £3.4m takeover of Optivite Group, a specialist manufacturer of drug-free animal nutrition and feed products.
As well as adding to Kiotech’s portfolio of products, a key reason for the merger with Agil was the latter company’s established relationships within the worldwide aquaculture industry. Its distribution network – which helps Agil export products to more than 40 countries (accounting for more than 90% of its total sales) – was seen by Kiotech’s management as a key way to develop sales of its pheromones products.
Kiotech: Buying Growth In Fishing, Aqua Markets
UK - Animal biotech company, Kiotech International, wants to become a leading provider of animal feed and pheromone products to the farming, commercial fishing and aquaculture markets.
