Nutreco completes acquisition of Egyptian tilapia feed producer

Published on: Jun 21, 2013

Nutreco announced it has completed an acquisition announced April 26 of the remaining 67% of shares held by its partners in its Egyptian participation Hendrix Misr. Nutreco entered the Egyptian market in 2001 by acquiring 33% of Hendrix Misr, which has developed successfully since then.

According to the announcement, full ownership of Hendrix Misr offers Nutreco a good base to expand its activities in this growth market. Hendrix Misr is Egypt's market leader in extruded fish feed (mainly for tilapia) — sold under the Skretting trade name — and a leading producer of poultry feed concentrates.