Skretting in Australian expansion move

NUTRECO’S aquaculture division Skretting has announced plans to expand its production capacity in Australia through the purchase of Ridley’s extrusion facility in Westbury, Tasmania.

The company said the move was a continuation of Skretting’s long-term commitment to the Australian and New Zealand aquaculture industries.

“We have been producing aquafeed from our Cambridge facility in Tasmania since the 1990s, and today proudly employ over 90 staff,” said Melissa Abbott, General Manager of Skretting Australia.

“I am pleased that we are expanding our manufacturing capacity to enable us to continue our long-term commitment to clients and partners across the broader Australian and New Zealand aquaculture industries. I am very proud of what our team has, and continues to achieve, and the role that we play in supporting local communities. It’s an exciting day for the Skretting team,” Ms Abbott added.

Nutreco CEO Rob Koremans said: “Skretting Australia is an important part of our global business. This is a strategically important investment for us in a growing and leading industry, and we intend to continue to partner with local leaders for many years to come.”

The transaction is subject to approval from the Australian Competition and Consumer Commission which is expected to conclude this year.

Based in Stavanger, Norway, Skretting says it is the global leader in providing innovative and sustainable nutritional solutions for the aquaculture industry, with production facilities in 19 countries on five continents. Producing high quality feeds from hatching to harvest, its total annual production volume of feed is more than two million tonnes.