Sector News

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

August 17, 2015
Food & Drink
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

November 28, 2021

“Free from” trends take on myriad of meanings as health and environmental concerns come into sharper focus

Food & Drink

Free-from is becoming much more mainstream, moving beyond food allergens and intolerances. While it’s still vital to innovate products for lactose intolerance, gluten allergies and so forth, the umbrella term of free-from has taken on many different meanings.

November 28, 2021

Arla Foods Ingredients unveils milk fractionation tech for infant, sports and medical nutrition

Food & Drink

Arla Foods Ingredients (AFI) is targeting infant formula, sports nutrition and medical nutrition with its new patented milk fractionation technology that separates milk proteins from whey, bypassing the need to make cheese. The Denmark-based company says this move enables scientists, nutritionists and health professionals to create “next-generation” dairy products.

November 28, 2021

Oatly opens first Chinese production facility

Food & Drink

Located in Ma’anshan, Anhui province, the facility has the potential to produce an estimated 150 million litres of oat-based products annually at full capacity. The opening comes just a few months after Oatly – which claims to have established a new Chinese character for ‘plant-based milk’ – inaugurated its first Asian factory in Singapore.

Send this to a friend