Cargill has entered into an agreement with Altor Fund III and Bain Capital Europe III to acquire Norwegian salmon feed producer Ewos in a deal worth €1.35 billion ($1.5 billion).

“This transaction, which is significant and the second aquaculture acquisition Cargill has announced in as many months, is a strategic investment in our long-term growth and evidence of our commitment to the growing aquaculture industry,” said David MacLennan, president and CEO at Cargill.

The acquisition gives Cargill entry into the salmon market and will make its animal nutrition business a leading player in the growing salmon feed industry, the company said, which it described as "one of the most advanced and professionally managed segments in global aquaculture."

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