Norwegian Aqua Giant acquires Chilean Feed Plant

The Fish Site
by The Fish Site
2 May 2008, at 1:00am

NORWAY - Norwegian aquaculture group Cermaq ASA, through its wholly-owned subsidiary EWOS Chile Alimentos Ltd, has agreed to acquire a fish feed plant in Ancud, Chile.

EWOS will purchase Cultivos Marinos Chiloe Ltda in a deal worth US$13.75m. The aquisition also includes a cooperation agreement under where EWOS will supply Cultivos Marinos Chiloe with 400,000 mt of fish feed for the next five years.

The Ancud plant, located on Chiloe Island, has an annual capacity of 90-100,000 mt.

Cermaq, WHOSE headquarters are in Oslo, Norway, is a major aquaculture company, focusing on the salmon and trout production and fish feed manufacture. The group has some 4,000 employees and reported revenue of over NOK7.7bn in 2007.