Nutreco acquires fish feed production facilities in Japan

Nutreco has taken a step in its strategy to expand the company's fish feed businesses in Japan and Asia Pacific with the acquisition by its subsidiary, Skretting Japan, of the fish feed production facilities of Marine Net Co. Ltd., Japan.

Prior to the acquisition Marine Net already produced the majority of the fish feed for Skretting Japan. The purchase price amounts approximately EUR 15 million, including investments in working capital and capex.

With this transaction Nutreco has acquired the largest extruded feed factory in Japan, located in the international port city of Imari. The acquisition of these assets enables Skretting to further optimise production. Hence it allows Skretting to secure the quality, safety and traceability of their products which is increasingly demanded by Japanese customers. 

This acquisition is a next step in strengthening Skretting's market position in Japan. The Japanese marine fish feed market is one of the biggest in the world with a annual production volume at around 600,000 tonnes. The major fish species for which feed is produced are yellowtail and red sea bream. Skretting has currently a market share in Japan of approximately 8 per cent.The newly acquired assets create the potential to increase this market share. After the acquisition Skretting Japan will have 90 employees and annual revenues of EUR 45 million.