In addition to being a leading trading company for the highest quality ingredients, IQI is seen as a co-creator of certified premium pet food products. Since the establishment of the company in 1994, the aim is to lead the field and set higher industry standards.
IQI is set to continue on its successful path. The acquisition of Smit & zoon Functional Oils is the next step in this journey. As IQI builds out its business with the support of investor Egeria, the Smit Family becomes a minority shareholder in IQI.
Founded in 1821, Smit & zoon has a long history in trading animal oils and proteins. The company decided to focus on its wet-end and finishing business and divest its functional oils activities. The functional oils division is a global player in marine oils and for years has been IQI’s preferred supplier of processed omega 3 fish oils. While the functional oils activities are no longer a focus segment for Smit & zoon, combining the activities with IQI will enable the business to grow further and unlock its full potential.
To fund the acquisition and enable future growth plans, IQI improved its already solid financial position by attracting Dutch investment company Egeria. IQI’s plans include expanding its strong position in Europe and the US and identifying new innovating product segments for the pet food industry.
