Dutch fish feed specialist, Nutreco, has announced that it will be increasing its shareholding in its Brazilian joint venture Nutreco Fri-Ribe from 51% to 97% - taking advantage of a growing market.
The increased shareholding means that Nutreco is now in a stronger position to take advantage of one of the most important aquaculture growth markets in the world. Brazil is the third largest animal nutrition market in the world – growing annually by around 5%.
Jerry Vergeer, chief operating officer of animal nutrition at Nutreco, said: “After two years of strong development and cooperation with our partners, we are now ready for the next phase of growth activities in Brazil. Achieving 97% of the shares creates the platform to make further steps that are in line with Nutreco's strategic Ambition 2016."
Nutreco Fri-Ribe is a market leader in shrimp feed with more than 20% of the market share and the number two feed provider for talipia with more than a 10% market share.
Nutreco’s ‘Ambition 2016 – driving sustainable growth’ is the company’s strategy for improving profitability. The strategy includes branching out to the growing markets in Latin America, Russia, China and Southeast Asia.
