The Board of Directors of Ag Processing Inc a cooperative  (AGP) announced it has approved an agreement with Ridley Inc. to merge their respective  commercial livestock and poultry feed and nutrition businesses in Canada.

AGP’s Canadian  operation, Masterfeeds, will merge with Feed-Rite, Ridley’s Canadian feed business.

The  combination of the two companies will create the second largest feed company in Canada. The  new entity, which will be called Masterfeeds LP, will be headquartered in London, Ontario.

“Each of these two long-term reputable animal nutrition companies has a proven record of effectively serving their customers in Canada,” stated Keith Spackler, AGP CEO. “This merger is an excellent opportunity to create the premier feed company in Canada, rooted in a long history of research, innovation and service to animal agriculture. We look forward to a long-term relationship and a dynamic future with our new partner in Canada.”

Completion of the merger is expected to take 30-45 days and is subject to approval.

Masterfeeds is a subsidiary of AGP headquartered in Omaha.   AGP, which acquired Masterfeeds in 1991, is owned by 175 local cooperatives representing over 250,000 farmers.