Aquaculture for all

Aker Biomarine sells off krill fishing and aquafeed businesses

Feed ingredients Krill Mergers and acquisitions +6 more

Aker BioMarine has announced the sale of its feed ingredients business for $590 million, following its decision to focus on human health.

Close up of a krill.
Aker Biomarine is selling off its krill catching and aquafeed assets

The company was the largest harvester of Antarctic krill on the planet

The unit, which largely focuses on capturing Antarctic krill for use in aquafeeds, was acquired by American Industrial Partners (60 percent) and Aker Capital (40 percent).

"We are pleased to announce the new ownership position for the feed ingredients business. This transaction is the result of a process that attracted interest from a wide range of reputable parties and not only demonstrates the value of feed ingredients but also underscores the value potential of Aker BioMarine as a whole," said Matts Johansen, CEO of Aker BioMarine, in a statement.

Following the transaction, Aker BioMarine says it will focus on human health and nutrition, via three business units: human health ingredients, consumer health ingredients and emerging businesses.

Aker BioMarine, which has recently built a dedicated algal oil production line in Texas, has entered into a long-term contract with their former feed ingredients unit for the supply of krill raw materials for the businesses that they have retained.

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