Neovia Acquires Ecuador Shrimp Feed Manufacturer Balnova
SEAFOODNEWS.COM [SeafoodNews] - September 28, 2018
Ecuador-based shrimp feed manufacturer Balnova has been acquired by Neovia. The acquisition is part of Neovia’s efforts to consolidate both its strong international expertise in aquaculture and its location on one of the largest shrimp producing markets.
Balnova, which employs approximately 100 people, is part of the Nueva Pescanova Group. Balnova produces 40,000 tons of feed for shrimp a year at their plant in Guayaquil. For Nueva Pescanova, the transaction is part of the group’s plan to “divest non-strategic assets until 2020 ...
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