Fish feed giant Nutreco has acquired Vietnamese feed producer Tomboy Aquafeed.
According to Nutreco, Tomboy Aquafeed produces hiqh-quality feed and has a good brand recognition based on reliability, quality and customer support. Its technical support service is regarded and appreciated by farmers and it has one of the best country-wide distribution networks in Vietnam for fish and shrimp feed.
Knut Nesse, Nutreco executive vice-president aquaculture, said: "Skretting has a global leading position for the production of high-quality fish feed in a sustainable manner. We want to capitalise on this position and our know-how by approaching new markets with regards to geography and species. This acquisition perfectly fits in our growth strategy to further develop positions in strategic markets with feed for new species such as shrimp. It offers Skretting an entrance in Vietnam and an interesting platform for future growth."
Vietnam is the third largest country in global aquaculture, after China and India, and is one of the world's largest producers of shrimp.
With a 3,260km coastline and the Mekong Delta it has over the past decade experienced strong growth of its aquaculture sector, initially for shrimp, then catfish and recently also for marine fish species.
Vietnam is poised to develop into a leading Asian producer and processor of farmed shrimp and marine fish with a strong export focus, acknowledged Nutreco.
Nutreco employs approximately 9,700 people in 30 countries, with sales in 80 countries.
It is listed on the NYSE Euronext stock exchange in Amsterdam and with annual revenues of €4.5 billion ($5.6 billion) in 2009.
