Investments Funding & M&A

DSM-Firmenich confirmed in early 2024 that it intends to carve out the ANH division by the end of 2025.

The acquisition strengthens Alltech’s foothold in northern Europe’s aquaculture sector while ensuring Finland’s domestic fish feed supply is safeguarded.

Guinea’s fisheries sector, which contributes 4.5% to the national GDP and supports nearly 7.5% of the population, faces growing risks from climate-induced sea-level rise, coastal erosion, and more frequent extreme weather events.

The state-of-the-art 150,000-square-foot facility will be Farmina’s first facility outside Europe, and is expected to create at least 200 jobs.

With production now fully operational, the plant is expected to increase the company’s ability to deliver customized, safe, and sustainable nutrition solutions at scale.

The new centre is expected to serve not only Kakamega but also neighbouring counties in the Lake Region Economic Bloc (LREB), significantly boosting the region’s blue economy.

The decision for Agrifirm to divest from Hungary aligns with its broader strategy of focusing on markets with high growth potential.

The World Bank notes that Tanzania’s population is projected to reach 77.7 million by 2030, resulting in a doubling of fish demand. 

The model allows Beach Management Units (BMUs), youth, and women groups to lease commercial-grade fish cages capable of holding 65,000 fingerlings.

The deal also includes an equity covenant of at least 35% and features an “accordion” option, allowing for an additional US$431 million subject to lender approval.