Pearse Lyons, Founder Of Alltech And Kentucky-Based Philanthropist, Dies At 73

Pearse Lyons, the billionaire founder of Central Kentucky-based Alltech, died Thursday morning due to complications from heart surgery in November.

Alltech produces a line of horse supplements and was a major sponsor on a number of sport horse events, including the 2010 World Equestrian Games held at the Kentucky Horse Park.

Lyons’ son Mark will take over as chairman and president of Alltech, according to the company. Annual revenues for the business, which makes nutritional products for humans and animals based on yeast fermentation and also includes a brewery and distillery, are reported to be about $3 billion. Although it began in a garage with $10,000 in 1980, the company now includes 5,000 employees in 80 offices.

Lyons’ charity interests included funding scientific laboratories in schools, scholarships to graduate students and the University of Kentucky’s Opera Theatre program.

Funeral masses will be held in Lexington and in Lyons’ native Ireland.

Read more at the Lexington Herald-Leader

 

The post Pearse Lyons, Founder Of Alltech And Kentucky-Based Philanthropist, Dies At 73 appeared first on Horse Racing News | Paulick Report.

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