Strong growth for AB Vista in 2014
Micro ingredient supplier AB Vista has announced revenue growth of more than 20 per cent for the financial year ending 15th September 2014.
The results includes strong sales growth (over 30%) of its Quantum Blue phytase enzyme, which continues to perform well – particularly since its launch in Europe earlier this year.
AB Vista Managing Director Richard Cooper says the financial performance confirms that the company continues to grow faster than the market.
AB Vista has also invested in bringing new talent and infrastructure to its business – with 40 new hires this year and a new laboratory in Memphis, Tennessee offering increased capacity and capabilities for its feed assay services. The new PGPI granulation facility in Evansville, Indiana is operating successfully to meet increasing enzyme demand, and the company has also appointed new distributors in several regions, and secured new product registrations in multiple countries.
Mr Cooper says the business is set to continue with its growth strategy in the year ahead, while maintaining its focus on innovative research and high-quality customer care.
AB Vista's announcement comes on the back of results released by parent company Associated British Foods, which recorded an overall group revenue of £12.9 billion and a profit before tax up 18% to £1,020 billion.
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