BioMar $17m deal to meet Chile de­mand

Fish Farmer - - World News -

DAN­ISH feed com­pany BioMar has ac­quired the re­main­ing 50 per cent of the Chilean fac­tory ASPA, giv­ing it ac­cess to sig­nif­i­cantly greater ca­pac­ity.

The deal, said to be worth US$17 mil­lion and sub­ject to com­pe­ti­tion ap­proval, in­volved AquaChile sell­ing its 50 per cent stake, ac­quired in a joint ven­ture with BioMar in 2007.

ASPA pro­duces around 120,000 tonnes of salmon feed a year and is the main feed sup­plier to AquaChile, which was bought by Agro­su­per last sum­mer.

Carlos Diaz, CEO of BioMar Group, said the ac­qui­si­tion re­in­forces the com­pany’s com­mit­ment to the Chilean mar­ket.

‘BioMar Chile will achieve a bet­ter possibilit­y to serve the broader cus­tomer base and plan for fu­ture up­grades.’

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