Rumin8 acquires ROAM Agriculture to expand product range
Rumin8 completes acquisition of ROAM Agricultural from Loam Bio, advancing their development of methane abatement solutions in cattle
Rumin8 CEO
"ROAM has focused on the same active ingredient as Rumin8 and has developed delivery formats that expand our portfolio to reach production systems that can benefit from an extended release profile," he said.
"While early in their development stage, ROAM's products can be accelerated into regulatory studies and commercialisation by leveraging Rumin8's capabilities and learnings to provide an additional methane abatement solution to the world's cattle farmers and ranchers."
"The ROAM methane abatement solution is highly complementary to Rumin8. We have consistently said that the global market to abate methane emissions from livestock is large and diverse enough to support multiple solutions, and Rumin8 can now deliver multiple product formats including granules for feed, a drinking water additive, and sustained release solid formats including mineral mixes and boluses," he said.
"Using our own experiences and technical expertise, we can accelerate the commercialization of ROAM's development portfolio, working with Rumin8's key manufacturing partners to move these products into formal testing and registration, while advancing discussions with partners to support commercialisation and further farmer/rancher monetization of carbon reduction for these exciting new products."
ROAM Agricultural CEO
Financial terms of the transaction are confidential.
About Rumin8
Rumin8 is an agriculture-focused climate tech company, using pharmaceutical technology to create affordable feed and water supplements that reduce methane emissions from livestock. Our patented process delivers a nature inspired pharmaceutical ingredient to interrupt methane production, as well as boost animal performance. We're perfecting various formulations for diverse livestock feeding systems, aiming to decarbonize 100 million cattle by 2030. To learn more please visit: http://www.rumin8.com
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SOURCE Rumin8
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