BioMar Completes Acquisition of BioMar Ecuador, Aims for Expansion
In a strategic move to bolster its operations in South America, the Denmark-based feed giant BioMar has secured the remaining 30 percent stake in BioMar Ecuador from the Lanec family. This acquisition grants BioMar complete ownership and a firm foothold in a region known for its lucrative shrimp farming sector.
Future Growth Plans
Following the acquisition, BioMar Ecuador is set to increase its production capacity significantly, with plans to boost output from 300,000 metric tons to 410,000 metric tons by the year 2026. This expansion reflects BioMar’s commitment to enhancing its market presence and meeting growing demand for shrimp feed in Ecuador.
Leadership Insights
Carlos Diaz, CEO of BioMar Group, expressed his appreciation for the partnership with the Lanec family, stating, “It has been an incredible journey together with Lanec. We were new to the Ecuadorian world of shrimp when entering the joint venture, and Lanec has been instrumental in contributing to designing future product solutions while adapting our research to accelerate growth in Ecuador.”
A Bright Future for BioMar Ecuador
With this acquisition, BioMar not only positions itself for increased production but also strengthens its research and development capabilities to adapt to local market needs. The company aims to enhance product innovation and sustainability within Ecuador’s shrimp industry.
As BioMar Ecuador embarks on this new chapter, stakeholders can expect significant advancements and contributions to the regional aquaculture landscape.
