SARIA to Acquire Stake in Chilean Salmon By-Product Firm Fiordo Austral
Germany's SARIA has entered into a definitive agreement to acquire a 36.45% stake in Fiordo Austral, a leading Chilean marine ingredients company, it said in an announcement.
Founded in 1995, Fiordo Austral operates six production sites with around 800 employees and specializes in processing salmon by-products for the aquaculture sector.
The partnership combines Fiordo Austral's operational expertise in Latin America with SARIA's technical capabilities and European commercial reach through its Bioceval business unit, SARIA said. The collaboration will also include product development and seek to expand
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