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Cargill Buys One Of World's Largest Aqua-Feed Producers
The nation’s largest privately held company, Cargill, has agreed to purchase Norwegian-based EWOS, one of the world's largest suppliers of feed and nutrition for farmed fish. The $1.5 billion deal signals Cargill’s entry into salmon and trout markets and is the company’s second aquaculture deal in the past two months after it announced a $30 million shrimp feed facility project in Equador with Naturisa.
EWOS produces more than 1.2 million metric tons of fish feed a year and accounts for one-third of the world’s market for salmon and trout feed and provides feed and nutrition for 26 other fish species. The company currently employs over a thousand people and posted operating revenues of roughly $1.4 billion in 2014. With its home offices in Bergen, Norway, the company also operates in Canada, Chile, Vietnam, Norway and Scotland. Altor Equity Partners and Bain Capital acquired EWOS from the Norwegian fish farming group Cermaq in 2013 in a deal that valued the business at about 6.5 billion NOS, or roughly USD $793 thousand. During the first quarter of 2015 EWOS experienced negative change in cash flow due to increase in inventory, partly offset by a decrease in accounts receivables and increase in current liabilities. It reported inflows of NOK 4.5 million primarily due to proceeds from settlement of short-term bridge loan of USD 5.5 million granted to Nova Austral in December 2014.
Aquaculture accounts for about half of the global fish consumption, and with global demand for protein that’s set to grow by 70 percent by 2050, Cargill isn’t the first trade house expanding into the fish business. Mitsubishi Corp., Japan’s biggest trading house, agreed to buy the Norwegian fishery Cermaq ASA for $1.4 billion last year to expand its foods business and become the world’s second-largest salmon farmer.
With the acquisition of EWOS, Cargill will pick up three manufacturing facilities in Norway, and one each in Chile, Canada, Scotland and Vietnam, as well as two R&D centers in Norway and Chile. It’s also the second largest deal the company has made in its history. It purchased the Dutch animal feed company, Provimi, in 2011 for $2.2 billion.
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Anti-Trust, Anti-Trust, Anti-Trust, Anti-Trust,
Like Bell Telephone/ AT&T, Standard Oil, Microsoft, Robber Barons, Money Trust, Teddy Roosevelt, Sherman Anti-Trust Act, FTC Act, SEC Act.
And they won't stop until the groups collectively "own the whole earth in fee-simple." The true mark of a sociopath is that there's never enough, no matter what they've already taken through lyin' stealin' and killin'. Of course, they make sure it appears legal.
Monsanto and Cargill plan to use gmo soy as fish feed,
Old headline, that one, I went to a commercial fish farming college training facility and walked away shuddering from the feed recipe. Fish arent getting anything like what they need to be pristine in this factory as flesh game...
mmmm...Sea Lice!
Didn't Cargill already developed a GMO salmon? Or was that some other company?
Anyway, fish farms can be perfectly combined with other farms such as chicken farms. The chicken poopoo serves as fish feed.
Company called AquaBounty, inventor of the frankenfish.
Und Wir machen GMO Salmon.
There is a whole lot of fish used to make fish meal feed.
These folks in South Africa are trying to use fly larvae - maggots - as a subtitute. Look for MagMeal.
http://www.agriprotein.com/technology.html
There are fish farms that are combined with chicken farms. The chicken poopoo serves as fish feed.
Asian Flying Carp are easy in the Mississippi River as no one wants these problem fish. I'm just not sure how much bacteria and smell and complaints there would be on the waste & air pollution.
Yes fish meat is fish feed.
Fish farming can only grow, as Fukushima slowly contaminates the ocean.
I thought the salmon fish farms were in the ocean?
1.2 million tons of fish feed every year and a revenu of $1.4 billion is about $1000/ton for fish food. That's 50 cents per lb. The fish and shrimp dine well.
Only 1000 employees! sounds very profitable!
I always wonder, how does a company buy another company for billions of dollars$$$
More Fiat borrowed into existence.
Farm raised catfish, say in Alabama make one pound of live weight per pound of feed. I would guess that the Norwegian feed is a supplement to be added to less expensive feeds.
Impossible... 1# of feed = 1# of fish. We'd all be raising fish {grin}
Not really, most of the weight in meat is water. Most fish food is mainly fishmeal. Even trout are close to 1:1 for feed conversion ratios.
That is dry weight for feed. Wet weight for the cats. Feed conversion tables; https://www.google.com/search?q=feed+conversion+ratio+comparison&rlz=1T4GGNI_enUS530US542&tbm=isch&imgil=gHW_2UIbRsE6dM%253A%253BqvgsT_nWupfE9M%253Bhttp%25253A%25252F%25252Fsalmonfarmscience.com%25252F2012%25252F03%25252F04%25252Fefficient-use-of-limited-resources%25252F&source=iu&pf=m&fir=gHW_2UIbRsE6dM%253A%252CqvgsT_nWupfE9M%252C_&biw=1196&bih=601&ved=0CD0QyjdqFQoTCNa75r61sccCFVJ8kgodNz0J1Q&ei=-4HSVZbSBdL4yQS3-qSoDQ&usg=__-G7qVIawQaMj9DdySRqE_DqfmN0%3D#imgrc=gHW_2UIbRsE6dM%3A&usg=__-G7qVIawQaMj9DdySRqE_DqfmN0%3D
We are all eating fish.
It might smell and there maybe "Spin" but it could be soylent Green.