Denmark-based feed company BioMar has agreed to acquire full ownership of LetSea, a leading Norwegian aquaculture research center, the company said on Tuesday.
BioMar, which already owns 34 percent of the center, will buy the remaining 66 percent from Norwegian investment firm KapNord for an undisclosed sum.
Through the acquisition, BioMar aims to consolidate and advance its innovation work, including waterborne feeding, the development of new feed ingredients, and continuous improvements in fish performance, health and welfare, the company said in a statement.
