Monday, February 14, 2011

NUTRECO : agreed to acquire fish and shrimp feed company in China

Nutreco announced today that it has agreed to acquire 100 percent of the shares in Shihai Co Ltd, a reputable and profitable fish and shrimp feed company in China. The agreed purchase price is approximately EUR40 million (US$ 53,892,013). The revenue in 2010 was EUR65 million (US$ 87,574,522). This acquisition will provide Skretting, the Nutreco aquaculture feed business, with a production base in China, the world's number one aquaculture feed market.

The acquisition is fully in line with the strategy to capitalise on Nutreco's leading fish feed positions and diversify by expanding in new regions and into feed for other species and shrimp. The closing of the transaction is subject to permission being granted by the authorities in China.

Shihai Co supplies a growing market and produced approximately 100,000 tonnes of fish and shrimp feed in 2010, a year in which it commissioned a new feed plant with a capacity of approximately 150,000 tonnes. The new plant is constructed and equipped to a high standard and is capable of operating to Skretting specifications. Shihai Co employs 300 people. Read more ...


This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.


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