Irida acquires the majority of shareholding of Galaxidi Marine Farm

November 14, 2023 - Irida, the leading fish feed manufacturing company in Greece, has acquired 83.5 percent of Galaxidi Marine Farm, one of the largest and most important Greek Aquaculture companies.

Galaxidi is well known for the high-quality fish which it produces and exports to the European markets. Many of their farms are ASC (Aquaculture Stewardship Council) certified as well as a proportion of its production is certified as organic according to the EU legislation. Galaxidi's wholly owned fish farms are located in the Corinthian gulf which is well known for its crystal-clear waters and in L'Ametlla Spain in an open sea, brand new farm. Total production of Galaxidi exceeds 15,500 tonnes of fish, of which 13,500 tonnes are produced in Greece and 2000 tonnes in Spain, while annual turnover exceeds €80 million.

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Irida owns two modern fish feed factories, producing over 120,000 tonnes of feeds with an annual turnover of €180 million, supplying the Greek and other Mediterranean markets. Currently, exports exceeded 35 percent of total sales.

Irida has recently made significant investments in pioneering projects. This includes acquiring a majority stake in Aquatic Biologicals, a university spin-off specialising in autogenous vaccines and phage therapy. Additionally, Irida has acquired Vetcare, through which it provides products and services for health management to aquaculture industry.

With this acquisition of Galaxidi, Irida demonstrates once again its full commitment to Mediterranean Aquaculture and its future, as well as its endeavour to seek for synergies across the whole production chain which can further be enhanced through innovation.

For more information, visit HERE.

The Aquaculturists

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