Gold Coin, one of the Asia’s largest feed manufacturers, is said to be on the market for about $500 million. \"People in the know\" told Bloomberg that Peter Zuellig’s holding company, Golden Springs Group, could find a buyer for the Singapore-based business this year. Other options under consideration include partnerships or an initial public offering, according to Bloomberg\'s source.
Golden Springs Group’s portfolio includes Regal Springs, which comprises tilapia farming and shrimp genetic improvement company, SyAqua, producer of PLs and SPF and SPR P. vannamei shrimp broodstock and aquafeed manufacturing in six mills across South East Asia, primarily for shrimp, but also for freshwater and saltwater fish species, including encapsulated hatchery feeds. Gold Coin’s aquaculture business is reported to be worth $90 million in sales.
Established in Singapore in 1953, Gold Coin employs 2,600 people across 19 production facilities, in 9 countries. With a milling capacity of approximately 2.5 million tonnes per year, Gold Coin offers products for both livestock and the aquaculture, including young animals and hatchery feed, premixes, concentrates and compound feed.