Global feed giant Skretting is planning to expand its production capacity in Australia and New Zealand with the purchase of fellow feed producer Ridley Corporation’s extrusion facility in Westbury, Tasmania.
Skretting already operates an aquafeed facility in Cambridge, Tasmania.
"This is a continuation of Skretting’s long-term commitment to the Australian and New Zealand aquaculture industries," said Melissa Abbott, general manager of Skretting Australia.
The transaction is subject to approval by the Australian Competition and Consumer Commission (ACC). That process is expected to be complete during 2021.
