Cargill Inc. has agreed to purchase Norwegian fish feed supplier EWOS, one of the world’s largest suppliers of feed and nutrition for farmed fish, for $1.49 billion as part of a company effort to invest in the growing aquaculture industry.
Cargill has entered into an agreement with Altor Fund III and Bain Capital Europe III to acquire EWOS, a company that produces 1.2 million metric tons of salmon feed each year. The transaction, which is subject to regulatory approvals, is expected to close before the end of the calendar year. EWOS, founded in 1935, operates in four of the world’s major salmon farming regions: Norway, Chile, Canada and Scotland. It has also entered the feed market in Vietnam.