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>>AQUAGEN ACQUIRES MAJORITY SHAREHOLDING OF AQUABEL

AquaGen acquires majority shareholding of Aquabel, the leading supplier of tilapia genetics to the Brazilian aquaculture industry. From left, Ricardo Neukirchner, Owner and CEO of Aquabel and Odd Magne Rødseth, Chairman of AquaGen.

AquaGen acquires majority shareholding of Aquabel, the leading supplier of tilapia genetics to the Brazilian aquaculture industry. From left, Ricardo Neukirchner, Owner and CEO of Aquabel and Odd Magne Rødseth, Chairman of AquaGen.

[press release] The global salmon genetics company AquaGen has moved into fast growing tilapia breeding by acquiring a major stake in Brazilian tilapia genetic company Aquabel.

AquaGen AS, the world’s leading salmon genetics company, has concluded an agreement to take majority ownership of the shares in Aquabel, the Brazilian-based tilapia breeding and distribution company.

Aquabel has become the leading supplier of genetic material to the Brazilian tilapia farming industry, the fastest growing aquaculture sector in the Americas. The company develops, produces and sells genetic material distributed as fingerlings and juveniles, tailored to the aquaculture sector’s requirements for farmed tilapia. With its head office in Londrina, Aquabel has production facilities in 6 different states in Brazil close to their customers in a rapidly growing industry.

Milestone

‘Our partnership with Aquabel represents an important milestone, which extends our priority areas into the expanding aquaculture industry’ says Odd Magne Rodseth, chairman of AquaGen ‘The position Aquabel has built up and the results which have been created document that this company has unique expertise and a strong position in the market. A big potential exists for Aquabel and AquaGen to work together in securing synergies through the exchange of experience and technologies.  This will ensure the tilapia industry access to more than 40 years of research and experience-based knowledge related to applied industrial breeding that has made AquaGen into the world’s leading company in salmon genetics.’

Genetic progress

‘I’m pleased at the interest shown by AquaGen, and very satisfied that we’ll be affiliated to an  ambitious long-term strategic partner like AquaGen’, says Ricardo Neukirchner, CEO of Aquabel. ‘To be a part of a team with the world leading salmon breeding company will make important genetic knowledge and research resources available to Aquabel. Our new relationship with AquaGen will contribute to further genetic progress in our breeding program, and strengthen Aquabel’s position as a trusted and independent supplier to the aquaculture industry.’”

One of Aquabel’s production sites in the state of Ceara, north east Brazil.

One of Aquabel’s production sites in the state of Ceara, north east Brazil.

With its head office in Norway AquaGen is a part of EW Group, a holding company of a number of independently operating companies in the areas of genetics, nutrition and animal health. These companies have a worldwide leading positions in their specific fields and sell through a network of international operations.

 

Londrina, Brazil April 11th 2016

 

Contact persons:

Ricardo Neukirchner, Owner and CEO Aquabel

Mail: ricardo@aquabel.com.br,  phone: +55 43 9118-8300

Odd Magne Rødseth, Chairman of AquaGen

Mail: odd.magne.rodseth@aquagen.no, phone:+ 47 97 01 74 50

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