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Nutreco Acquires Fish Feed Production Plant in Japan
JAPAN - Dutch aquaculture giant Nutreco has acquired the fish feed production facilities of Marine Net Co. Ltd through its fish feed subsidiary Skretting Japan.
Prior to the acquisition Marine Net already produced the majority of the fish feed for Skretting Japan.
The purchase price amounts approximately € 15 million, including investments in working capital and capex.
With this deal Nutreco has acquired the largest extruded feed factory in Japan, located in the international port city of Imari.
The acquisition of these assets enables Skretting to further optimise production, Nutreco said.
Hence it allows Skretting to secure the quality, safety and traceability of their products which is increasingly demanded by Japanese customers.
This acquisition is a next step in strengthening Skretting's market position in Japan.
The Japanese marine fish feed market is one of the biggest in the world with a annual production volume at around 600,000 tonnes.
The major fish species for which feed is produced are yellowtail and red sea bream. Skretting has currently about an eight per cent market share in Japan .
The newly acquired assets create the potential to increase this market share. After the acquisition Skretting Japan will have 90 employees and annual revenues of € 45 million.
The new step in Japan fits in Nutreco's strategy to expand the company's fish feed businesses in Japan and Asia Pacific.
TheFishSite News Desk
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