Skretting’s parent company Nutreco has assumed 100% ownership of Skretting Nigeria in a deal focussed on developing innovative fish feed products and growth.
The move will be accompanied by a new strategy focusing on growth through technical sales and support. This will be supported by the construction of a new factory, also in the Ibadan region, as well as the creation of a Skretting School of Excellence, which will help develop the local industry by introducing producers to solutions and innovations, including Skretting’s LifeStart concept, which focuses on specific hatchery and nursery nutrition for juvenile fish and broodstock.
“While Nigeria has endured some economic challenges in the last couple of years, we believe that with Skretting Nigeria becoming wholly-owned by Nutreco, the market will have the further reassurance that we are committed to the development of the Nigerian aquaculture industry,” said Rob Kiers, managing director of Skretting Africa.
Production growth
The Skretting Nigeria fish feed business and a new feed plant in Ibadan was established three years ago. During this time, Skretting Nigeria has been a joint-venture with the shareholders of local fish farming operation Durante.
“It was always Skretting’s intention to establish a fish feed plant in Nigeria,” said Seyi Adeleke-Ige, general manager of Skretting Nigeria. “We wanted to produce the feeds here in Nigeria so that they would be readily available to local farmers. That has been the focus of Skretting Nigeria over the past three years and the five-fold increase in our production in that time to more than 20,000 tonnes shows that it was the correct strategy.”
Alongside its fish feed operations, Skretting Nigeria has also introduced an agri-feed business for poultry.
