Feed technology company CPM acquired Taiwan-based IDAH, world’s largest shrimp feed machinery manufacturer.
CPM announced the acquisition of IDAH, a move that unites two industry leaders behind a shared mission to sustainably feed, fuel and build a better world.
“We look forward to utilizing the strong team and capabilities of the IDAH business to expand our global position in the aqua feed, pet food and plant-based protein processing markets. We are very excited to welcome the IDAH team to CPM,” said David Webster, CPM President & CEO.
Founded in 1974 by James Chang, IDAH has grown from a small plant in rural Taiwan to six global offices serving more than 21 countries. IDAH specializes in pelleting, extruding and drying equipment, most notably for aqua feed, pet food, snack food, and plant-based protein markets. The IDAH brand has a reputation for high-quality spare parts, machines and services and today is the number one shrimp feed machine solution provider in the world and the number one provider of aquafeed equipment in Southeast Asia.
“The future of the IDAH business is bright as we celebrate this milestone of joining CPM,” said Chang. “Today, two industry leaders unite as one, accelerating our shared vision to sustainably feed, fuel, and build a better world and driven by our passion to innovate and create robust solutions that meet the evolving needs of our global customers.”