Aker BioMarine has sold its Feed Ingredients business to American Industrial Partners (AIP). The companies expect the investment to enable Feed Ingredients to further build upon its industry leadership and pioneering innovation in the global krill fishery.
American Industrial Partners (AIP), a global industrials investor, has announced it has acquired an ownership position in Aker BioMarine’s Feed Ingredients segment. Feed Ingredients unit will be held by a newly established company named Aker BioMarine Antarctic Holding II AS, which will be owned 60% by AIP and 40% by Aker ASA (via its wholly owned subsidiary Aker Capital AS).
Krill is one of the largest and most robust biomasses in the ocean and is increasingly recognized as a highly valuable ingredient in aquaculture feed due to its nutrient dense properties, which are hard to replicate synthetically. Aker BioMarine Feed Ingredients’s fishing operations are comprised of three purpose-built Antarctic harvesting and processing vessels, one support vessel, and its shoreside operations are in Montevideo, Uruguay. The company is headquartered in Oslo, Norway and employs ~450 employees and crewmembers.
“We are eager to join forces with AIP, leveraging their maritime expertise and growing aquaculture presence to accelerate our growth trajectory. This partnership positions us to more rapidly advance the aquaculture, animal health and sustainability benefits of krill globally,” said Webjørn Barstad, CEO of Feed Ingredients.
“Krill is a powerfully evolving niche market with compelling and sustainable growth opportunities given both its nutrient dense properties and the still underutilized nature of the vast but remote Antarctic fishery,” commented Toni Rinnevaara, Partner and Chief Investment Officer of AIP. “As the industry’s pioneer, the company has been a leading innovator in both krill harvesting technologies as well as the evolution of high-value market applications of the resource through the advancement of aquaculture food science. At AIP, we put great emphasis on partnering with extraordinary people and organizations and we are wholly committed to a close collaboration with the company, its management team and Aker ASA to help Feed Ingredients achieve its great potential.”
