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Nutreco's Japanese joint venture expands through acquisition

JAPAN - Nutreco, the Netherlands based animal feed and fish, pig and poultry producer has announced that their Japanese joint venture company, Yamaha Nutreco Aquatech (YNA), has acquired Kirin Feed, a subsidiary of Kirin Beer Co. in Japan.

Kirin Feed markets fish feed for yellowtail, sea bream, eel and other farmed fish with a total volume in 2004 of 20,000 tonnes and sales of EUR 20 million. With this transaction YNA will strengthen its competitive position on the Japanese fish feed market.

YNA's newly appointed general manager Rik van Westendorp said: "We are currently seeing consolidation in the fish feed business in Japan. This is perfect timing for bundling our strengths. The combination of Kirin Feed and YNA fish feed operations will give the company the required scale to further optimise our customer service and operational efficiency."

YNA was established in 1998 by Nutreco and Yamaha Motor Company, each holding 50%, and is based in the city of Fukuoka on Kyushu Island.

Source: FishUpdate