Cargill to expand into salmon feed market
The global agro-giant is set to acquire EWOS for about $1.5b from Altor Fund and Bain Capital Europe, said company officials. Although the deal has to go through regulatory approvals, it is anticipated to be done before the end of the year.
“EWOS is a winning company,” said Sarena Lin, president of Cargill’s feed and nutrition business. “Adding its industry-leading talent and capabilities as well as its thought leadership in sustainable business practices will be transformational for our aquaculture nutrition business.”
The purchase brings also helps establish Cargill’s position in the growing market for farmed fish and shrimp, she said.
Along with the salmon feed company, the potential deal would bring Cargill’s animal nutrition business seven feed manufacturing operation, ranging in location from Norway to Scotland, Chile, Canada and Vietnam, research and development centers located in Norway and Chile, and a current, annual production ability of 1.2m metric tons of salmon feed, said company officials.
The deal also would increase Cargill’s current range of aquaculture products, said company officials. Cargill already has facilities in Mexico, Central America, China, the United States, Southeast Asia, India and Ecuador. Additionally, it also recently announced plans for to build a shrimp feed facility in Ecuador as a $30m joint venture with Naturisa.
