Based on external interest in the Feed Ingredients business, Aker BioMarine has decided to initiate a process to explore strategic alternatives for that business unit.
Aker BioMarine Feed Ingredients is the world’s largest krill harvester and producer of krill meal. Krill meal is a premium marine ingredient used in aquafeed, pet food and for extraction of krill oil for human consumption. Feed Ingredients owns and operates three specialized harvesting vessels and a support vessel. Production takes place in Antarctica utilizing an efficient and sustainable harvesting technology.
Feed Ingredients has experienced strong growth over the recent years and realized FY23 adjusted revenues of approximately USD 156 million and an adjusted cash EBITDA of approximately USD 49 million, with a current run rate cash EBITDA at USD 57 million.
In June 2023, Aker BioMarine announced a change to its group financial reporting and legal entity structure, separating into business units (1) Feed Ingredients; (2) Human Health Ingredients; (3) Consumer Health Ingredients; and (4) Emerging Businesses. In January 2024, the financial and legal reorganization has been completed and the business units are now operational as separate business units.
