Sale of EWOS to Cargill is testament to ‘bright future’
THE CEO of EWOS said the recent decision of US grain trader Cargill to buy the feed firm was testament to our employees hard work, to the unique RFD and production capabilities of the company and to the bright future of the salmon and a uaculture industries .
Einar tathne, announcing second quarter results last month, said te also ha e high expectations from our current in estment programme.
Kur new capacity is now in place in sietnam, our factory in Canada is under modernisation and our industry leading Fish Health Centre in Chile is under construction and will be finished in Y1 2016.
‘With our new partners at Cargill, we intend to continue our dedication to ser ing customers, in esting in R and de eloping our people.
Cargill, the world s largest grain trader, agreed to pay 1.35 billion euros ( 1.5 billion) for the Eorwegian salmon-feed supplier last month.
dhe purchase from pri ate e uity firms Altor Equity Partners AB and Bain Capital Partners C is expected to close by the end of the year, the companies said.
Cargill CEO David Mac ennan said dhe purchase of Bergen based EWOS is a strategic in estment in our long-term growth and evidence of our commitment to the growing aquaculture industry.
dhe company said it will acquire seven feed factories in Eorway, Chile, Canada, Scotland and sietnam as part of the deal. t already has a uaculture assets in Mexico, China and the h.S.