Aqua Research Firm Buys Competitor

The aquatic sector currently makes up just 20 percent of the Apopka firm's revenue, says Todd Childress, its aquatic division President.

According to Orlando's Business Journal, the use of aquatic animals as research subjects is still in its early stages,. However Childress says that the business has quadrupled in the past five years and has the potential to experience double-digit growth for the future. The combination of these two firms now creates one of the world's largest providers of zebra­fish and other aquatic species used in biomedical, pharmaceutical and genetic research, says its Steve Aldrich, president of Marine Biotech.

Aquatic Eco-Systems employs 160 people and has more than $30 million in annual revenue, while Marine Biotech has 20 employees and generated $7 million in revenue last year.

TheFishSite News Desk

Sign up for our
regular news updates

Sign up for our
regular news updates

More Fish Industry News

•   November Agriculture And Fisheries Council Agenda
•   Potential For Fishmeal-Free Salmon
•   Fish Wholesaling Industry Research
•   College To Boost Fish Farming
•   Consultation On Net And Trap Licences
•   Fish farming in Paddy Fields Takes Off
•   Tilapia-Skin Gelatine Next for Aquafinca
•   VIV China Reflects Development of Chinese Industry
•   Protection for Island Cockle Industry
•   Accessing Markets Directly To Improve Payments