Nutreco announced today that it has acquired 100% of the shares in Tomboy Aquafeed JSC
in Vietnam, a reputable and profitable Vietnamese fish and shrimp feed company. With a
number four market position, Tomboy Aquafeed is a leading player in Vietnam for shrimp.
Recently it invested in a new plant and started producing feed for marine and high value
fresh water species such as tilapia, barramundi, snapper and grouper. Tomboy has two
plants near Ho Chi Min City and in the Long An Province and employs approximately 300
staff. Annual revenues amounted to EUR 18 million in 2009.
Vietnam is the third largest country in global aquaculture, after China and India, and
is one of the world’s largest producers of shrimps. With a 3,260 kilometer coast line
and the Mekong Delta it has over the past decade experienced strong growth of its
aquaculture sector, initially for shrimp, then catfish and recently also for marine fish
species. Vietnam is poised to develop into a leading Asian producer and processor of
farmed shrimp and marine fish with a strong export focus.
Tomboy Aquafeed produces hiqh-quality feed and has a good brand recognition based on
reliability, quality and customer support. Its technical support service is regarded and
appreciated by farmers and it has one of the best country-wide distribution networks in
Vietnam for fish and shrimp feed.
Knut Nesse, Nutreco Executive Vice-President Aquaculture: “Skretting has a global
leading position for the production of high-quality fish feed in a sustainable manner.
We want to capitalize on this position and our know-how by approaching new markets with
regards to geography and species. This acquisition perfectly fits in our growth strategy
to further develop positions in strategic markets with feed for new species such as
shrimp. It offers Skretting an entrance in Vietnam and an interesting platform for
The acquisition of Tomboy Aquafeed fits in Nutreco’s strategy to expand its global
market positions in feed specialties and fish feed in growth markets.
* * * * *
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed
solutions are at the origin of food for millions of consumers worldwide. Quality,
innovation and sustainability are guiding principles, embedded in the Nutreco culture
from research and raw material procurement to products and services for agriculture and
aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and
experience for building its future. Nutreco employs approximately 9,700 people in 30
countries, with sales in 80 countries. Nutreco is listed on the NYSE Euronext stock
exchange in Amsterdam and with annual revenues of EUR 4.5 billion in 2009.
For more information:
Jurgen Pullens, Director Investor Relations and Corporate Communications, Nutreco
Telephone: +31 (0)33 422 6134
Mobile: +31 (0)6 5159 9483
E-mail: firstname.lastname@example.org mailto:email@example.com
Nutreco acquires Tomboy Aquafeed JSC in Vietnam