Nutreco completes acquisition of Egyptian tilapia feed producer

Nutreco now has full ownership of Hendrix Misr, an extruded fish feed and poultry feed concentrate manufacturer in Egypt.

Nutreco announced it has completed an acquisition announced April 26 of the remaining 67% of shares held by its partners in its Egyptian participation Hendrix Misr. Nutreco entered the Egyptian market in 2001 by acquiring 33% of Hendrix Misr, which has developed successfully since then.

According to the announcement, full ownership of Hendrix Misr offers Nutreco a good base to expand its activities in this growth market. Hendrix Misr is Egypt's market leader in extruded fish feed (mainly for tilapia) — sold under the Skretting trade name — and a leading producer of poultry feed concentrates.

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