EWOS CEO: Marine proteins' growth potential will see more acquisitions
Cargill's $1.5 billion megadeal for Norway-based EWOS will likely, be followed by more acquisitions due to the growth potential of marine proteins
Cargill's $1.5 billion megadeal for Norway-based EWOS will likely, be followed by more acquisitions due to the growth potential of marine proteins, Einar Wathne, CEO of EWOS, told Undercurrent News.
"Cargill is willing to invest in marine proteins," Wathne said. "It is a long-term thinking organization that has done the move into marine proteins, choosing EWOS as a vehicle to enter that sector."
"But it will not stop with that, I think Cargill has ambitions that go beyond to EWOS in the sector," he said.
"For EWOS, one of the most fantastic things is that we will together with Cargill cover 20 markets, 16 new for EWOS... and extra species," Wathne said.
"Cargill and EWOS will look together at new geographic areas and will grow more in the areas that we are... to see if we will be only in feed, or farming as well," Wathne said.
South East Asia and some Latin American markets such as Mexico, Ecuador and Brazil are "growing fast" which poses a significant potential.
EWOS is specially interested in the shrimp feed market, something new as the company "has grown in salmon markets, but very little in others."
Source: Alicia Villegas, Undercurrent News. Read the story.