As a part of the company's expansion strategy, BioMar takes a solid step into the shrimp feed market by acquiring 70 percent of the Ecuadorian shrimp feed producer Alimentsa.

Servicing Latin American shrimp farmers from the factory in Costa Rica with focus on sustainability and feed efficiency since 2016, BioMar Group announces a strategic entry into the shrimp world. With the acquisition of Alimentsa, BioMar will create a solid foothold into Ecuador which is one of the world's leading shrimp producing countries with a volume of more than 450.000 tonnes of shrimp. The acquisition represents an investment of 119 million USD. BioMar Group estimates that the market will prove to be very attractive with growth rates of 8-12 percent. Also, Alimentsa holds a market share around 12-15 percent.
"It is our ambition to become a major player within high-end shrimp feed. With the acquisition of Alimentsa we can immediately deliver an attractive value proposition to the shrimp farmers in Latin America and we believe that we in the future - together with Alimentsa and the customers - can develop new product solutions based upon shared interest in innovation, cooperation, sustainability and performance. We have during the last years expanded the business significantly. In 2016 we established production in Turkey. In 2017 we are forming a solid footprint with two factories in the Chinese market and in 2018 we have planned and announced the construction of a green field factory in Australia. Now we are taking a leap into the world of shrimp. All of those initiatives are a part of our growth strategy: Shaping the Future. We believe in being 100% devoted to aquaculture and we have clearly stated that we strive to be innovators dedicated to an efficient and sustainable global aquaculture” explains Carlos Diaz, CEO in BioMar Group.