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Denmark/Ecuador

BioMar Buys 70% of Alimentsa

 

As a part of its expansion strategy, BioMar Group has acquired 70% of the Ecuadorian shrimp feed producer Alimentsa with an investment of $119 million.  Alimentsa’s share of the Ecuadorian shrimp feed market is approximately 12 to 15 %.  The acquisition is subject to approval by competition authorities in Ecuador.

 

BioMar is a leading supplier of high-performance feed to the global aquaculture industries.  It operates 13 feed mills in Norway, Chile, Denmark, Scotland, Spain, France, Greece, Turkey, China and Costa Rica.  Roughly one out of five farmed fish produced in Europe, South and Central America is fed on BioMar fish feed.  Worldwide, BioMar supplies feed to around 80 countries and more than 45 different species.  BioMar is wholly owned by the Danish industrial group Schouw & Co, which is listed on the NASDAQ Copenhagen Stock Exchange.  Since 2016 BioMar, has been servicing Latin American shrimp farmers from its feed mill in Costa Rica.

 

Founded in 1986, Alimentsa is a leading Ecuadorian shrimp feed supplier.  It delivers feed and technical support and training to more than 300 shrimp farmers in Ecuador, and in 2016 it generated revenue of approximately $75 million with total feed sales of approximately 77,000 metric tons.  It has 145 employees and the capacity of producing an estimated at 110,000 to 120,000 metric tons of shrimp feed a year.

 

Information: Irmgard Lorenzen, Communication Specialist, BioMar Group, Vaerkmestergade 25, 6th Floor, DK-8000 Aarhus C, Denmark (Phone +45 72198146, Email ilo@biomar.dk, Webpage www.biomar.co).

 

Information: Carlos Diaz, Chief Executive Officer, BioMar Group, Vaerkmestergade 25, 6th Floor, DK-8000 Aarhus C, Denmark (Phone +45 72198146, Email cdiaz@biomar.com, Webpage www.biomar.co).

Source: BioMar Group.  Press Release.  BioMar Group Acquires High-End Shrimp Feed Producer, June 2, 2017.