Bettergrow - HYG

BetterGrow Holdings Pty Ltd (Bettergrow) proposes to acquire 100% of the shares in Hygain Holdco Pty Ltd (HYG).

Bettergrow is an Australian-based company in the organic recovery sector. It recovers and re-manufactures organic residuals, waste and by-products, extracting maximum value from materials otherwise destined for landfill, transforming them into quality composts, fertilisers and bespoke soil rehabilitation products for resale. Bettergrow also produces pasture, fodder and beef. It also supplies animal bedding sourced from timber mills.

Bettergrow is part of the Borg Group, a diversified Australian-owned private group of companies and brands involved in the manufacture of building materials, waste recycling operations, forestry, packaging, and engineering and automation services.

HYG is an equine‑nutrition company that formulates and manufactures premium horse feeds and supplements. HYG (through its two brands, Hygain and Mitavite) supplies products to performance, breeding and leisure horse owners through agricultural and equine supplies retailers and wholesalers and distributors in Australia, and globally. HYG operates a manufacturing facility in Victoria and in New South Wales. HYG’s products include manufactured feeds (including pelleted and textured complete feeds and balancers), supplements and additives (including vitamins and minerals, electrolytes, digestive and hoof health products, oil/fat sources and speciality supplements). HYG also offers complimentary nutritional support services for its supplements and commercial feed products.

HYG is controlled by funds under the management of Adamantem Capital, an Australia and New Zealand private equity firm, based in Sydney.