IBA

What IBA does

IBA Inc., operating as IBA Dairy Supplies, is a US-based, family-owned distributor of dairy farm supplies founded in 1960 and headquartered in Sutton, Massachusetts (with a Millbury mailing address). The company distributes a broad catalog of dairy operation inputs — animal care products, milking equipment, barn and facility equipment, hygiene and sanitation supplies, and farm management products — to American dairy farmers exclusively through a nationwide authorized-dealer network that delivers directly to farm gates.

IBA complements product distribution with on-farm services including milking system analysis, cleaning and sanitation troubleshooting, and bilingual (English/Spanish) milker training. The company publishes a proprietary bi-monthly trade magazine, Dairy World, and operates an in-house field support staff backing the dealer network. The business is privately held with 51-100 employees and no disclosed funding rounds, M&A activity, or leadership changes in the input data.

Note on data scope: a meaningful portion of the aggregated input (cyclotron products, €5-7M Shreeji Imaging contract, share buyback disclosures, Olivier Legrain / Yves Jongen leadership, 2014 €27.4M SFPI-FPIM/S.R.I.W. funding) clearly pertains to Ion Beam Applications S.A. (Euronext Brussels: IBA), a Belgian particle-accelerator manufacturer. This analysis treats that entity as separate from the US dairy supply business identified by firmographics (founded 1960, Millbury/Sutton MA, 51-100 employees, iba-usa.com / ibadairy.com) and focuses accordingly.

Name

IBA

Legal name

Ion Beam Applications S.A.

Website

https://iba-usa.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

51–100 employees

Short description

IBA Dairy Supplies is a US-based, family-owned distributor (founded 1960) selling animal care, milking equipment, hygiene, and barn supplies to American dairy farmers through a nationwide authorized dealer network with on-farm technical service.

Ownership category

akta.pro rank

Product category

Dairy Farm Supplies

SIC

Agricultural Services (700), Farm Machinery & Equipment (3523)

akta.pro primary industry

Milking Parlor & Dairy Farm Support Services (Non-veterinary) (AFAEALAK)

Keywords

• Dairy farm supplies
• Milking equipment
• Animal care products
• Barn equipment
• Dairy hygiene supplies

Headquarters

HQ city

Millbury

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Cyclotron Equipment Sales: Direct sale and installation of cyclotron systems including the Cyclone KIUBE 300. Revenue generated from equipment manufacturing, delivery, and installation services for radiopharmaceutical production facilities. The contract with Shreeji Imaging is valued between €5-7 million.
2. Share Buyback Program: Ongoing share repurchase program to cover obligations under long-term incentive plans for management and certain personnel.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

IBA Inc. is a family-owned American dairy farm supply company, founded in 1960, that distributes cleaning and sanitation products, animal care items, milking equipment, barn and facility equipment, hygiene supplies, and farm management products to dairy farmers through an authorized dealer network. The company complements its product distribution with technical services including milking system analysis, sanitation recommendations, and bilingual milker training, and publishes a bi-monthly magazine called Dairy World.

Product overview

IBA (Ion Beam Applications S.A.) is a Belgian particle accelerator technology company that designs and manufactures particle accelerator systems. The company's core product portfolio centers on Cyclone® KIUBE 300 medium-energy cyclotrons used for the industrial-scale production of radiopharmaceuticals, particularly fluorine-18 (F-18) compounds and other PET (Positron Emission Tomography) radiopharmaceuticals for oncology diagnostics and cancer imaging. The company operates through multi-site delivery and installation agreements, such as the contract with Shreeji Imaging for deployment across multiple Indian locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Animal Care Products

Quantifiable outcome

• Four cyclotron installations across India to expand commercial F-18 and PET radiopharmaceutical production capacity

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Shreeji Imaging and Diagnostic Centre Pvt. Ltd.coreStrategic or Co-development Partner · 19 February 2026IBA (Ion Beam Applications S.A.), a Belgian particle accelerator technology company, and Shreeji Imaging and Diagnostic Centre Pvt. Ltd., an Indian PET radiopharmaceutical manufacturer, signed a multi-site agreement valued at €5-7 million for the delivery and installation of four Cyclone KIUBE 300 medium-energy cyclotrons. The cyclotrons will be installed in Ahmedabad, Nagpur, Kochi, and Bhubaneswar to expand commercial production of fluorine-18 (F-18) compounds and PET radiopharmaceuticals for cancer diagnostics. The agreement strengthens IBA's presence in India while enabling Shreeji to consolidate its supply chain resilience, reduce logistical risks, and develop capacity for next-generation tracers for oncology diagnostics.

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Lely: Lely is a direct peer focused on dairy farm automation, including robotic milking systems and consumables. Competes head-to-head with IBA's milking equipment and farm management offerings in the US dairy market.
• BouMatic: BouMatic is a global manufacturer and distributor of milking equipment and dairy farm systems. It is directly comparable to IBA's milking equipment product line and overlapping dealer-driven go-to-market in the US dairy sector.
• Afimilk: Afimilk provides milking systems, herd management software, and dairy farm analytics. Directly comparable to IBA's milking equipment and farm management product categories.

Broad incumbents

• Tractor Supply Co. Tractor Supply is a large US farm-and-ranch retail chain selling animal care, equipment, and supplies to rural customers. Broadly overlaps with IBA's product breadth and US farm customer base, but at much larger scale and through a storefront model.
• GEA Farm Technologies: GEA supplies milking parlors, hygiene products, and dairy farm automation as part of a large industrial portfolio. Comparable to IBA on milking equipment and hygiene supply distribution, but with substantially greater scale and capital base.
• DeLaval: DeLaval is a large global incumbent offering milking systems, farm infrastructure, and dairy consumables. It overlaps with IBA's milking equipment and barn/facility product lines but operates as a much broader portfolio supplier to dairy farmers.

Others

• CHS Inc. CHS is a large US agricultural cooperative supplying energy, crop, and animal nutrition inputs to farmers. Adjacent to IBA's animal care and feed-related offerings and serves a similar US rural customer base, though not a direct dairy-supply distributor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IBA