Sector News

Cargill Buys Norwegian Fish-Feed Producer EWOS for $1.5 billion

August 17, 2015
Consumer Packaged Goods
Agricultural conglomerate Cargill Inc. has bought Norwegian fish feed producer EWOS for €1.35 billion ($1.49 billion), as it continues to broaden its presence in the aquaculture industry, it said on Monday.
 
“This transaction, which is significant and the second aquaculture acquisition Cargill has announced in as many months, is…evidence of our commitment to the growing aquaculture industry,” said Cargill Chief Executive David MacLennan.
 
In early July, it announced a $30 million joint venture with Naturisa to build a shrimp feed facility in Ecuador.
 
Cargill has bought EWOS from Altor Fund III and Bain Capital Europe III, who have owned the company since 2013, and they will remain invested in the fish-farming sector through their ownership of Nova Austral in Chile.
 
EWOS holds around one third of the salmon-feed market, producing more than 1.2 million metric tons of salmon feed a year.
 
As part of the transaction, Cargill will acquire seven feed manufacturing facilities; three in Norway, and one each in Chile, Canada, Scotland and Vietnam, as well as two research and development centers in Norway and Chile.
 
By Dominic Chopping 
 

comments closed

Related News

May 4, 2024

Emergent Cold LatAm opens ‘Chile’s largest’ frozen food warehouse

Consumer Packaged Goods

Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.

May 4, 2024

Asahi Beverages buys Australian gin manufacturer Never Never

Consumer Packaged Goods

Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.

May 4, 2024

Coca-Cola Europacific Partners CFO resigns, moves to Diageo

Consumer Packaged Goods

Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.

How can we help you?

We're easy to reach