Skretting to acquire Australian salmon feed facility for €35 million

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Strategically important investment Nutreco’s aquaculture division eyes up as Ridley’s extrusion facility in Tasmania.

In a press release, Nutreco’s aquaculture division Skretting writes that it intends to expand its production capacity through the purchase of Ridley’s extrusion facility in Westbury, Tasmania.

“This is a continuation of Skretting’s long-term commitment to the Australian and New Zealand aquaculture industries,” the company wrote.

The Sentiment reports that the transaction will put AUD 54.85 million (EUR 34.8 million ) into Australian animal nutrition producer Ridley’s pocket. This is expected to be finalised in the first half of FY22.

The transaction is subject to approval from the Australian competition and consumer commission (ACCC) which is expected to conclude during 2021.

The EUR 31.2 million facility was completed in 2019 and produces 50,000 tonnes per-year of salmon feed.

“We have been producing aquafeed from our Cambridge facility in Tasmania since the 1990s, and today proudly employ over 90 staff,” said Skretting Australia general manager Melissa Abbott.

“I am pleased that we are expanding our manufacturing capacity to enable us to continue our long-term commitment to clients and partners across the broader Australian and New Zealand aquaculture industries,” continued Abbott.

“Skretting Australia is an important part of our global business. This is a strategically important investment for us in a growing and leading industry, and we intend to continue to partner with local leaders for many years to come,” said Nutreco CEO Rob Koremans.