Salmones Antártica owner Nissui is buying Yadran for US $133m

Japan’s Nissui Corporation, which owns Chilean rainbow trout and coho farmer Salmones Antártica, has announced a US $133 million deal to buy Chilean Atlantic salmon producer Yadran, reports Fish Farming Expert's Chilean sister site, Salmonexpert.cl.

Salmones Antártica produces around 40,000 tonnes (round weight) of fish annually, and Yadran produces around 30,000 tonnes, giving a combined harvest volume of 70,000 tonnes.

In a notice about the acquisition, Nissui said its long-term vision is to establish a stable business portfolio by 2030 in which its food products business and marine products business are well-balanced, with overseas marine products and food products businesses, aquaculture business, and fine chemicals business serving as growth drivers.

10% profit margin

Among these, the aquaculture business, alongside the fine chemicals business, is recognised as a priority growth area expected to achieve an operating profit margin of 10% or more.

Strengthening the aquaculture business is considered a key factor not only for the marine products business but also for improving the profitability of the entire Nissui Group.

“PY (Pescuera Yadran) possesses expertise in farming and processing fresh products of Atlantic salmon - a species for which global demand is expanding -and maintains sales channels to overseas markets, including the US market,” wrote Nissui.

“Through this share acquisition, the company will seek to expand the scale of aquaculture operations together with Salmones Antártica, enhance processing and sales networks, and pursue efficiency improvements, such as optimising the balance between fish species and farming sites.

“Leveraging the Company’s strength in Nissui global links, we will create various synergies and enhancement of value chain resilience.”