Oil-Dri Corporation of America acquired the remaining 21.6% stake in Agromex Importaciones, S.A de C.V.
June 26, 2023
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Oil-Dri Corporation of America (NYSE:ODC) acquired the remaining 21.6% stake in Agromex Importaciones, S.A de C.V. on May 12, 2023. Amlan now holds 100% ownership of its subsidiary in Mexico, further solidifying its position in the Mexican market. Previously, Oil-Dri Corporation owned 78.4% of the equity of Agromex Importaciones. With this acquisition, Agromex's new Board of Directors consisting of Wade Robey, President, Amlan International, and Vice President of Agriculture, Oil-Dri Corporation of America has been appointed as the Chairman of the Board. Robin Jarquin, Regional Director Latin America, will oversee the operations of Agromex, ensuring a seamless transition and continued success of the subsidiary.
Oil-Dri Corporation of America (NYSE:ODC) completed the acquisition of remaining 21.6% stake in Agromex Importaciones, S.A de C.V. on May 12, 2023.
Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for pet care, animal health and nutrition, fluid purification, agricultural ingredients, sports field, industrial and automotive markets. Its principal product is cat litter. The Companyâs Retail and Wholesale Products Group segment customers include mass merchandisers, the farm and fleet channel, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, distributors of industrial cleanup and automotive products, environmental service companies, sports field product users and marketers of consumer products. Its Business to Business Products Group segment customers include processors and refiners of edible oils, renewable diesel, petroleum-based oils and biodiesel fuel; manufacturers of animal feed and agricultural chemicals; and distributors of animal health and nutrition products. It is also a supplier of silica gel-based crystal cat litter.