BioMar $17m deal to meet Chile demand
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.’