Tuesday, 07 May 2019 08:15

Chile: Danish BioMar completes acquisition of Chilean feed factory

EM3 19 News Int BioMarDanish-owned BioMar is globally one of the most significant feed producers for the aquaculture industry with 14 feed plants and another two under construction. The factories are located across the globe in the major farmed fish producing nations in Asia, Europe, Latin America and soon also in Australia. The company estimates that roughly 20% of the fish farmed in Europe and South and Central America is raised on its feeds. BioMar recently completed the acquisition of the Chilean feed factory, Alitec Pargua, which had been a joint venture with the salmon producer, AquaChile, with each partner having a 50% interest. BIoMar and AquaChile entered into an acquisition agreement regarding the Alitec Pargua plant following the Chilean company’s acquisition by a local agro-processor last year. The plant represents 10 years of successful collaboration between the two companies, and after the transaction the commercial relationship between BioMar and AquaChile will continue. BioMar announced that the acquisition will increase its flexible production capacity and allow it to meet demand for its high-performance feeds, functional products and services, which it supplies to 80 countries around the world and for 45 species of fish.