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Asian fish feed giant for sale

16 July 20182 min reading
Golden Springs Group, one of the top feed manufacturers of Asia, is said to be preparing to sell its fish feed company, Gold Coin.asya b The decision takers of the Golden Springs Group are seeking to sell its fish feed company Gold Coin. According to a report in Bloomberg, they are expecting an amount around $500 million from the sale of the company. The nature of the sale is not clear yet. The holding company is owned by wealthy businessman Peter Zuellig and he didn’t make his final decision on the amount of stake to be offered. Other options were also considered for Gold Coin, including partnership or an initial public offering, said some sources. The company did not reject the rumors taking place in the media outlet strengthening the belief to the reports. A spokesman for Golden Springs Group told the news source Feed Navigator that it would not be making any comments on such media reports “for the moment”. Gold Coin, fish feed division of Golden Springs Group, has 20 manufacturing facilities across 10 countries. The company which has started operations in 1953 has a milling capacity of about 2,5 million metric tons per year including feed for young animals and hatchery feed, premixes, concentrates and compound feed, as well as farm management and feed advisory services. The feed division includes shrimp hatchery and grow out feeds as well as range for freshwater and saltwater fish species. The fish feed is manufactured in six mills across South East Asia. Gold Coin owns the shrimp genetics company SyAqua. In 2016, the feed company entered a joint feed milling venture with CCK, an integrated poultry operator in Malaysia.
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