NEWS FEED & ADDITIVE MAGAZINE August 2022 77 Blue Aqua International, a global leader in shrimp aquaculture technology, announced an investment of SGD $ 8.8 million (around US$6.3 million) from Muscat Investment House in its subsidiary, Blue Aqua Singapore – the farming arm under the group. The investment will help boost Blue Aqua Singapore’s expansion to grow its operations in high-tech trout farming, ramping up distribution, and aquafeed manufacturing; in support of Singapore’s “30 by 30” food security initiative. Blue Aqua currently operates Singapore’s largest land-based shrimp farm using its patented green technology for urban farming, contributing to Singapore’s “Green Plan 2030” sustainability ecosystem. Blue Aqua announced plans earlier this year to build Singapore’s first high-tech fish farm for producing trout. The intended project will incorporate super-intensive technology to help achieve sustainable trout production locally to support Singapore’s food security initiatives, by making available fresh daily harvest of its premium quality rainbow trout. Land-scarce Singapore currently imports 90% of its nutritional needs, and is heavily dependent on Malaysia and Indonesia for its seafood imports. The Group is also expanding its farming operations into Oman under the entity Blue Aqua International Gulf LLC. Blue Aqua Singapore receives US$6.3M funding for aquaculture expansion Cargill and Continental Grain Company have completed the previously announced acquisition of Sanderson Farms, Inc. Cargill and Continental Grain Company announced the completion of the previously announced acquisition of Sanderson Farms, Inc. by a joint venture between Cargill and Continental Grain. The acquisition was announced on August 9, 2021. Sanderson Farms shareholders are receiving $203.00 per each share of common stock they owned as of immediately prior to the completion of the transaction. As a result of the completion of the transaction, Sanderson Farms' shares will no longer trade on the NASDAQ beginning July 22, 2022. As a part of the closing of the transaction, Cargill and Continental Grain have combined Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, forming a new privately held poultry business. The new business, named Wayne-Sanderson Farms, will be headquartered in Oakwood, Georgia. As previously announced, Clint Rivers, currently CEO of Wayne Farms, has been appointed CEO of the combined company. Wayne-Sanderson Farms is a best-in-class U.S. poultry company with a high-quality asset base, a strong operating culture, and an industry-leading management team and workforce. Operating chicken processing plants and prepared foods plants across Alabama, Arkansas, Georgia, Louisiana, Mississippi, North Carolina, and Texas; Wayne-Sanderson Farms has state-of-the-art operations and will continue to invest in its stakeholders, workforce and in employee safety. Cargill, Continental Grain complete acquisition of Sanderson Farms
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