24 May 2021 - Skretting, the aquaculture division of Nutreco, has announced plans to increase its aquafeed production capacity, through the acquisition of Ridley's extrusion facility in Westbury, Tasmania.
Skretting will pay Ridley AUS $54.85 million for the facility, with the deal expected to be wrapped up by the first half of 2022.
“We have been producing aquafeed from our Cambridge facility in Tasmania since the 1990s, and today proudly employ over 90 staff,” says Melissa Abbott, General Manager of Skretting Australia.
Nutreco CEO Rob Koremans confirms, “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.”
The transaction is subject to approval from the Australian competition and consumer commission (ACCC) which is expected to conclude during 2021.