Cargill Becoming Major Aquaculture Player with Purchase of EWOS, Shrimp Farms
SEAFOODNEWS.COM [SeafoodNews] - August 17, 2015 -
Cargill has entered into an agreement with Altor Fund III and Bain Capital Europe III to acquire EWOS for 1.35 billion euros. The transaction, which is subject to regulatory approvals, is expected to close before the end of the calendar year.
"This transaction, which is significant and the second aquaculture acquisition Cargill has announced in as many months, is a strategic investment in our long-term growth and evidence of our commitment to the growing aquaculture industry," said David MacLennan, Cargill president and CEO.
The acquisition gives Cargill entry into the salmon market and will make Cargill's animal nutrition business a leading player in the growing salmon feed industry...
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